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Q: The Ryotwari system of revenue collection started by the British in India was based on –.
  • A. Malthus's rent theory
  • B. Smith's rent theory
  • C. Ricard's rent theory
  • D. Marx's rent theory
Correct Answer: Option C - The Ryotwari system of revenue collection started by the British in India was based on the Ricardian theory of rent, which states that rent is the surplus income earned by landowners due to the differential fertility of land. Ryotwari System was introduced by Thomas Munro in 1820. In Ryotwari System the ownership rights were handed over to the peasants. British Government collected taxes directly from the peasants. The revenue rates to the Ryotwari System were 50% where the lands were dry and 60% in irrigated land.
C. The Ryotwari system of revenue collection started by the British in India was based on the Ricardian theory of rent, which states that rent is the surplus income earned by landowners due to the differential fertility of land. Ryotwari System was introduced by Thomas Munro in 1820. In Ryotwari System the ownership rights were handed over to the peasants. British Government collected taxes directly from the peasants. The revenue rates to the Ryotwari System were 50% where the lands were dry and 60% in irrigated land.

Explanations:

The Ryotwari system of revenue collection started by the British in India was based on the Ricardian theory of rent, which states that rent is the surplus income earned by landowners due to the differential fertility of land. Ryotwari System was introduced by Thomas Munro in 1820. In Ryotwari System the ownership rights were handed over to the peasants. British Government collected taxes directly from the peasants. The revenue rates to the Ryotwari System were 50% where the lands were dry and 60% in irrigated land.