Question : What was the penalty when Zamidars were not able to deposit lagaan on time?
Option 1: Zamindars were to lose their rights
Option 2: Sell their land
Option 3: Both 1 and 2
Option 4: None of the above
Correct Answer: Zamindars were to lose their rights
Solution : The dates by which specific amounts of lagaan were to be deposited with the British administration were also set, and if these dates were missed, the zamindars would forfeit their privileges. Hence, the correct answer is 1.
Question : Under Zamindari System, agricultural sector went to the zamindars in the form of ________.
Option 1: Lagaan
Option 2: Wage
Option 3: Income
Option 4: All of the above
Question : Realisation A/c is prepared to ascertain the _________
Option 1: Profit/loss on realisation of asset
Option 2: Profit/loss on repayment of liabilities
Question : Select the most appropriate option that can substitute the underlined segment in the given sentence. If there is no need to substitute it, select 'No substitution'.
The company decided to sell their stake in their subsidiary, because it was under massive debts.
Option 1: sell their stake in its subsidiary
Option 2: No substitution
Option 3: sell its stake in their subsidiary
Option 4: sell its stake in its subsidiary
Question : The institutional financial sources were developed by the government: A: To offer farmers enough finance at a lower interest rate. B: To help small farmers maximize their income by increasing agricultural productivity.
Option 1: Only A
Option 2: Only B
Option 3: Both of the above
Question : If a craftsman were to sell a table at INR 1,300, he would lose 35%. To gain 30%, he would sell it for:
Option 1: INR 2,600
Option 2: INR 2,500
Option 3: INR 2,300
Option 4: INR 2,400
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