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Question : What was one effect of the East India Company's revenue policies on the rural economy?

Option 1: Diversification of crops
 

Option 2: Stabilization of land prices
 

Option 3: Decrease in agricultural loans

 

Option 4: Consolidation of landholdings


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Team Careers360 16th Jan, 2024
Answer (1)
Team Careers360 17th Jan, 2024

Correct Answer: Consolidation of landholdings


Solution : One effect of the East India Company's revenue policies on the rural economy was the consolidation of landholdings, as smaller farmers were often unable to meet the revenue demands and had to sell their land to larger landowners.

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