Q. The Limitation Law, which passed by the British in 1859, addressed which one of the following issues?
✅ Correct Answer: (B)
Loan bonds signed between money lender and Ryots would have validity only for three years
Explanation: The ryots came to see the moneylender as devious and deceitful. They complained of moneylenders manipulating laws and forging accounts. In 1859 the British passed a Limitation Law that stated that the loan bonds signed between moneylenders and ryots would have validity for only three years. This law was meant to check the accumulation of interest over time. The moneylender, however, turned the law around, forcing the ryot to sign a new bond every three years.
Explanation by: Neha Sharma
The ryots came to see the moneylender as devious and deceitful. They complained of moneylenders manipulating laws and forging accounts. In 1859 the British passed a Limitation Law that stated that the loan bonds signed between moneylenders and ryots would have validity for only three years. This law was meant to check the accumulation of interest over time. The moneylender, however, turned the law around, forcing the ryot to sign a new bond every three years.