Choose the given statement as true/false:

The Company didn't gain much benefit in the Permanent Settlement system.

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True

False

answer is A.

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Detailed Solution

The above statement is true;
The revenue was fixed in the Permanent Settlement, which zamindars had to pay to the company. But when it was started, the market price could have been better, and the fixed revenue was so high that zamindars found it difficult to pay. They did not even invest in the improvement of land. Then, in the nineteenth century's first decade, the market price took pace while the cultivation also expanded. It increased the income of the zamindars, but the company was facing a loss, and there was no benefit for them because the revenue was fixed permanently, and they couldn't increase it.

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