Question

Fill in the blank with the suitable option given below.
In 1859, the British passed the _________ that stated that the loan bonds signed between moneylenders and ryots would have a validity period of three years.

• A. Ilbert Bill
• B. Rowlatt Act
• C. Limitation Law
• D. Arms Act

Hint:

The Limitation Law of $1859$ is a classic example of a colonial reform law that was meant to protect peasants but ended up worsening their economic exploitation by the sahukars.

Answer 1

The Correct Option is C

To answer the question about which law was passed by the British in 1859 that stated loan bonds signed between moneylenders and ryots would have a validity period of three years, we need to understand the historical context and the laws mentioned in the options provided.

The query provides the following options:

• Ilbert Bill
• Rowlatt Act
• Limitation Law
• Arms Act

Let's analyze each option to understand which one fits the context:

• Ilbert Bill: Introduced in 1883, it proposed to allow Indian judges to try British offenders in India, which led to significant controversy but is not related to the regulation of loan bonds.
• Rowlatt Act: Enacted in 1919, these were repressive legislative measures aimed at curbing nationalist activities. It is unrelated to agricultural loans or their terms.
• Limitation Law: Passed in 1859, this law limited the time period within which moneylenders could bring action on bond agreements with ryots to three years. It aimed to prevent the exploitation of farmers by setting a cut-off period for claims on loans.
• Arms Act: Enacted in 1878, it regulated the use of firearms and was intended to limit access to arms by Indians. It does not concern loan agreements.

From this analysis, the most suitable option that fits the description of the law passed in 1859 focused on loan bonds is the Limitation Law.

Thus, the correct answer is: Limitation Law