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Write a note on contract system introduced by Lord Warren Hastings. |
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Answer» Meaning of the contract system is the system of giving land on contract. This system was introduced by Warren Hastings. According to this system, land was given for contract of 5 years. Higher bidder was given the contract of land for collection of land revenue for 5 years. Later on in 1777 A.D., this term of 5 years was reduced to 1 year. But this system was very defective. Zamindars or contractors used to collect lot of tax from the farmers. It lead to deterioration of economic condition of farmers. |
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