Q. Limitation law 1859 is related to which of the following?
Red Book
Red Book

[A] Vernacular Press

[B] Arms

[C] Loan Bonds

[D] Indigo Cultivation

Answer: C
Notes:
  • 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.

Source: Source: Themes in Indian History – Part III

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