Question

Which of the following features of the Permanent Settlement of 1793 is/are correct?
1. The Permanent Settlement vested Land ownership rights in the peasants
2. The Permanent Settlement vested land ownership rights in the Zamindars
3. The Zamindars had to pay a fixed amount of rent by a particular date
4. The Zamindars benefited hugely from the Permanent Settlement while the
peasants suffered
Select the coned answer using the code given below:
A) 1 only
B) 2 and 3 only
C) 4 only
D) 1, 2 and 3

Answer 1

Hint: Having ownership rights over a property gives you the ability to sell it, transfer it, mortgage it, gift it, and so on. A property buyer would always request the seller's original documentation to check that he has the legal right to sell the property.

Complete answer:
In Bengal, Lord Cornwallis established the Permanent Settlement of 1793. Zamindars were recognised as landowners, and they were in charge of collecting taxes. They were required to pay the government a certain amount that would not alter in the future. As long as the zamindar paid the predetermined revenue on time, he would remain the owner. Bengal, Orissa, and Bihar were the first to implement this method.

The Permanent Settlement, also known as the Permanent Settlement of Bengal, was an agreement between the East India Company and Bengali landlords to fix revenue from land that had far-reaching implications for both agricultural methods and productivity throughout the British Empire as well as the political realities of the Indian countryside.

The Company administration, led by Charles Earl Cornwallis, completed it in 1793. It was part of the Cornwallis Code, which was a wider body of legislation. The East India Company's service personnel were separated into three sections under the Cornwallis Code of 1793: revenue, judicial, and commercial. Zamindars, or native Indians who were considered as landowners, were in charge of collecting taxes. This split resulted in the formation of an Indian landed class that backed British rule.

Thus the correct answer is option ‘B’.

Note: The Permanent Settlement's major goal was to address the issue of agrarian crisis and hardship, which had resulted in decreasing agricultural output. Agriculture, according to British officials, might improve investment in agriculture, trade, and the state's financial streams.