History · Colonialism and the Countryside

What was the primary objective of the 'Limitation Law' passed by the British colonial government in 1859?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1To artificially increase the interest rates on agricultural loans
2To prevent the accumulation of interest over long periods by limiting loan bonds to three years✓
3To legally empower moneylenders to directly seize peasant lands without a court decree
4To completely ban all forms of private lending and credit transactions in rural areas

Correct answer

To prevent the accumulation of interest over long periods by limiting loan bonds to three years

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