History · Colonial Economy
UGC NET June 2013 History
Which of the following is not one of the causes responsible for the rise of moneylenders in British India?
ANew revenue policy
BNew legal system
CNew educational system ✓ Correct
DCommercialization of agriculture
Correct answer: (C) New educational system — The new educational system was not a cause for the rise of moneylenders, so that is the answer.
Explanation
★The new educational system was not a cause for the rise of moneylenders, so that is the answer.
★The new revenue policy demanded cash payment of revenue on fixed dates, pushing peasants to borrow.
★The new legal system let moneylenders use the courts to seize land for unpaid debts.
★The commercialization of agriculture made peasants depend on loans for cash crops.
★These forces together strengthened the grip of the moneylender in the countryside.
★The new educational system instead helped the rise of a modern middle class.
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