Answer: C

Explanation:

Reasons for decline of handicrafts in India:

The decline of the native princely states which were the biggest buyers of these industries. In England, excessive taxes were imposed on Indian goods, due to which the goods here were available at expensive rates. The beginning of free trade with the Charter of the year 1813 led to the large-scale arrival of British traders in India who came not to buy goods made in India but to sell goods made in England. Therefore, the above mentioned three reasons contributed to the decline of handicrafts in India. Hence, option (c) is correct.

Answer: D

Explanation:

The Permanent Settlement was implemented in the year 1790, the initial period of which was 10 years, but it was made permanent in the year 1793. Hence, statement 1 is incorrect.

Under this system the landlord was considered the landowner. Under this, the share of the government was 10/11 and the share of the landlords was 1/11. Hence, statement 2 is incorrect.

The Permanent Settlement was implemented in Bengal, Bihar, Orissa and Varanasi and Ghazipur of eastern Uttar Pradesh and North Karnataka of British India, which was 19 percent of the area of British India. Hence, statement 3 is incorrect.

Answer: A

Explanation:

Under the Regulating Act of 1773, the Governor of Fort William came to be known as Governor General and a council was appointed for him in which four members were Philip Francis, Clavering Manson and Barwell. Hence, statement 1 is incorrect.

A Supreme Court was established in Calcutta consisting of a Chief Justice and 3 other judges. The Chief Justice was Elijah Impey. The three other judges were Chambers, Limester and Hydra. Hence, statement 2 is incorrect.

Under this Act, the Governor General in Council had the right to give a casting vote. Hence, statement 3 is correct.

Answer: B

Explanation:

Under the Mahadwadi system, the revenue system was established with each palace. The originator of this method was Halt McKenzie. Hence, statement 1 is correct.

The Ryotwari system was implemented in Madras, Bombay and Coorg. It was first implemented by Colonel Reed in the year 1792. Hence, statement 2 is correct.

There was a difference of opinion between John Shore and James Grant regarding land ownership rights under the Permanent Settlement. Jan Shor accepted the landlords as the owners of the land, whereas according to James Grant all the land belonged to the government. Hence, statement 3 is incorrect.

Answer: C

Explanation:

The Indian Currency Commission was formed in 1890 under the chairmanship of Sir Henry Fowler. This committee declared Ashrafi and Rupee as unlimited legal tender. Hence, statement 1 is correct.

In 1921, The Imperial Bank of India was established by merging the three Presidency Banks. Hence, statement 2 is correct.

The Reserve Bank of India was established in the year 1935 on the basis of the recommendation of the Hilton Young Commission in 1931. Hence, statement 3 is correct.