History Practice Quiz 332

Q1.Why did moneylenders refuse to extend loans to ryots during the credit crisis?

A. They had no money left B. They lacked confidence in the ryots' capacity to repay C. The government banned moneylending D. They were forced by merchants

Q2.What infuriated the ryots most about the moneylenders' behavior?

A. High interest rates B. Refusal to extend loans and insensitivity to their plight C. Taking their land D. Reporting them to the government

Q3.According to the petition from a ryot of Mirajgaon, what prices did moneylenders charge for clothes and grain compared to cash customers?

A. Same as cash rates B. Twenty-five or fifty percent more C. Double the cash rates D. Ten percent more

Q4.What did moneylenders do with the produce taken from ryots' fields, according to the petition?

A. They credited it to the ryots' account and gave receipts B. They did not credit it to the account and refused receipts C. They sold it and gave cash immediately D. They stored it for the ryots

Q5.To whom was the petition from the ryot of Mirajgaon addressed?

A. The Prime Minister B. The Collector of Ahmednagar C. The Governor of Bombay D. The Deccan Riots Commission

Q6.What was the general customary norm regarding interest charged by moneylenders on loans to ryots?

A. Interest could not exceed the principal amount B. Interest could be double the principal C. Interest was fixed at 10% per annum D. Interest was prohibited

Q7.Under colonial rule, what happened to the customary norm limiting interest to the principal?

A. It was strictly enforced B. It broke down C. It was codified into law D. It was replaced by a lower limit

Q8.In a case investigated by the Deccan Riots Commission, how much interest was charged on a loan of Rs 100?

A. Rs 100 B. Rs 500 C. Rs 2,000 D. Rs 10,000

Q9.What did a peasant have to do when debts mounted and he could not repay the loan?

A. Sell his land to a third party B. Give over all his possessions to the moneylender C. Declare bankruptcy D. Flee the village

Q10.After giving his possessions to the moneylender, how did the peasant continue cultivation?

A. By borrowing new animals from neighbors B. By taking land on rent and animals on hire from the moneylender C. By working as a laborer on other farms D. By migrating to a new area

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History Practice Quiz 332