Explore topic-wise InterviewSolutions in Current Affairs.

Answer is (B) 550

(B) Kudhkhasht

B) Rights are of zamindars, kasht was of labour.

(C) both A & B

Answer is (d) EIL

1. A growing number of people moved urban areas in search of employment. 

2. Hence Government started the ‘ Smart city’ Scheme which provides the city with many facilities like hospitals, schools, housing facilities and shopping centers.

The prices of grains in the market rose and cultivation slowly expanded. So there was an increase in the income of Zamindars without increasing investment in the land.

Major areas of introduction of Ryotwari system included Madras, Bombay, parts of Assam, and Coorg provinces of British India.

Permanent settlement were made in Bengal, Bihar, Orissa, Varanasi division of U.P., and Northern Karnataka, which roughly covered 19 percent of the total area of British India.

Effects of the Ryotwari Settlement:

1. In most areas the land revenue fixed was excessive the ryots were hardly left with bare maintenance even in the best of seasons.

2. Under this system the government exploited the farmers instead of zamindars.

Moplah Rebellion (1921):

1. The Muslim Moplah (or Moplah) peasants of Malabar (Kerala) was suppressed and exploited by the Hindu zamindars (Jenmis) and British government.

2. This was the main cause of this revolt.

3. The Moplah peasants got momentum from the Malabar District Conference, held in April 1920.

4. This conference supported the tenants’ cause, and demanded legislations for regulating landlord-tenant relations.

5. In August 1921, the Moplah tenants rebelled against the oppressive zamindars. In the initial phase of the rebellion, the Moplah peasants attacked the police stations, public offices, communications and houses of oppressive landlords and moneylenders.

6. By December 1921, the government ruthlessly suppressed the Moplah rebellion.

7. According to an official estimate, as a result of government intervention, 2337 Moplah rebels were killed, 1650 wounded and more than 45,000 captured as prisoners.

Zamindars were acted as mediaters during Mughal period and helped the cultivators. But during the British they didn’t help the cultivators. As a result in the long run, the zamindars also suffered and became defaulters. Numerous zamindaris were sold off at auctions organised by the East India Company. Anyone who failed to pay the revenue, lost his zamindari.

The Zamindars gained most from the ‘Permanent settlement’.

Reasons:

1. The zamindars paid only 10% of prefixed revenue. They did not pay the surplus collection to the British. 

2. Peasants had to pay more revenue. Those who could not pay the revenue, lost their land. They changed as tenant farmers.

Impact of the British land revenue system on the cultivators: 

1. A common feature of all the settlements was the assessment and the maximize income from land. It resulted in increasing land sales and dispossession.

2. The peasants were overburdened with taxation. Due to the tax burden and famines, in general, the people suffered in poverty and burdened with debts. They had to seek the moneylenders who became rich and acquired lands from the peasants. 

3. The Zamindars, money – lenders and lawyers exploited the poor peasants.

4. The stability and continuity of the Indian villages was shaken.

5. Cottage industries disappeared on account of the import of British goods and the peasants had nothing to supplement their income.

6. The old body of custom was replaced by new apparatus of law, courts, fees, lawyers and formal procedures.

7. The British policy proved advantageous only to the government of a privileged section of the society at the cost of the cultivators who were the rightful owners of their lands and claimants of the larger share of the produce.

Correct option is (c) Two or more than two persons

TYvo types of taxes are collected by the government to meet the economic needs of the nation :

1. Direct taxes and
2. Indirect taxes.

Correct option is (a) Live persons

Correct option is (c) Income-Expenditures accounts

The Rule of Debit-Credit for the Nominal accounts :

“Debit expenses and losses, Credit incomes and gains.”

1. Bad-debts account,
2. Loss on goods destroyed by fire account,
3. Loss on goods stolen account and
4. Loss due to natural calamity account.

1. Capital account,
2. Bank overdraft account,
3. Creditor’s account and
4. Outstanding salary account.

Examples of personal accounts are :

1. Manubhai’s account,
2. Dena Bank’s account,
3. Kalol Nagar Palika’s account and
4. Capital account

1. Goodwill account,
2. Copyright account,
3. Trade mark account and
4. Patent account.

There are two types of accounts are included in real accounts :

1. Goods accounts and
2. Assets accounts.

Correct option is (a) Real account

Correct option is (c) Cash account

Correct option is (c) Life insurance premium account

Correct option is (a) Personal account

Correct option is (a) Personal account

1. Capital account,
2. Drawings account,
3. Income tax account and
4. Life insurance premium account.

Correct option is (d) Dead stock account

Correct option is (c) Nominal account

Correct option is (d) Drawings account

1. Cash account will be debited.
2. Bank account will be credited.

Correct option is (c) Bad-debts return account

1. Laptop account will be debited.
2. Bank account will be credited.

1. Sundry expense account will be debited.
2. Cash account will be credited.

1. Kamal account will be debited.
2. Interest account will be credited.

1. Cash account will be debited.
2. Bad-debts return account will be credited.

1. Maintenance account will be debited.
2. Cash account will be credited.

1. Electricity expense account will be debited.
2. Bank account will be credited.

1. Purchase account will be debited.
2. Loss on goods stolen account will be credited.

1. Loss on goods destroyed by fire account will be debited.
2. Purchase account will be credited.

1. (C)  non‐economic

2. (A) an employee

3. (A)   professionals

4. (A) Production

5. (B) profit  

Answer is (i - d), (ii - e), (iii - h), (iv - a) , (v - j).   

1.  Economic Activities

2. Non‐Economic Activities

3.  Fees

4. Distribution

5.  Barter Exchange

6. Monetary Exchange

7.  Employer

8. Optimum utilization

9.  Retail Trade

10. External Trade   

Answer is (i - e), (ii - d), (iii - g), (iv - a) , (v - i).

1. Industries

2. Auxiliaries to Trade

3. Tertiary Industries

4. Construction Industries

5. Commerce

6. Extractive Industry

7. Primary Industry

8. Trade

9. Warehousing

10. Export Trade

11. Communication

12. Auxiliaries to trade

13. Mercantile Agents

14. Profit