What Was NOT a Reform Imparted by the British Colonial

question 97

Multiple Choice

What was NOT a reform imparted by the British colonial system in India?​

• A)​Ending the practice of sati ​by widows.
• B)​Implementing a system of education for elites and women.
• C)​Introducing the British Civil Service examination.
• D)​Transferring ownership of railways to local government.
• E)​Imposing a new penal code based on the British model.

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Definitions:

Lender of Last Resort

An institution, usually a country's central bank, which offers loans to banks or financial institutions that are struggling to survive in order to prevent systemic failure.

Federal Reserve System

The central banking system of the United States, responsible for setting monetary policy, regulating banks, maintaining financial stability, and providing banking services.

Fractional Reserve System

The fractional reserve system is a banking system in which banks hold reserves that are less than the amount of their customers' deposits, allowing them to lend or invest the remainder to earn interest.

Interest-Rate Ceilings

Caps set on the interest rate that can be charged on loans, often to protect consumers from excessively high rates.