Part of: Maharashtra Gk set 50

Consider the following Statements: Mumbai is named after a local deity Mumbadevi The Ryotwari system was introduced in Madras and Bombay presidencies BSE stands for Bombay Stock exchange Which of the following statement(s) is/are true?

Category: Maharashtra Gk

Hint: Consider the historical and cultural significance of each statement.

Correct Answer: C) Only 1, 2, 3.

Exam Relevance: UPSC, SSC, Bank PO, State PSC

Difficulty: Easy

Explanations:

The question involves verifying the truthfulness of three statements related to the history and economic context of Maharashtra. Let's examine each statement in detail:

1. Mumbai is named after a local deity Mumbadevi: This statement is true. Mumbai, the capital city of Maharashtra, is named after the local deity Mumbadevi. The name "Mumbai" is derived from "Mumba," which is an incarnation of the Hindu goddess Mumbadevi, and "Aai," which means "mother" in Marathi. The city was originally a collection of seven islands, and the local Koli community worshipped Mumbadevi, which led to the naming of the city.

2. The Ryotwari system was introduced in Madras and Bombay presidencies: This statement is also true. The Ryotwari system was a land revenue system introduced by the British in India. It was implemented in the Madras and Bombay presidencies, as well as parts of the Central Provinces. Under this system, the land revenue was directly collected from the cultivators (ryots) by the government. This system was designed to simplify the collection of revenue and to establish a direct relationship between the government and the cultivators.

3. BSE stands for Bombay Stock Exchange: This statement is true. BSE, or the Bombay Stock Exchange, is one of the oldest and largest stock exchanges in Asia. It was established in 1875 and is located in Mumbai. The BSE is a significant financial institution in India, providing a platform for trading stocks, bonds, and other financial instruments. It is also known for the SENSEX, which is the benchmark index for the Indian stock market.

Each of these statements is true and provides important historical and economic context about Maharashtra. The correct answer is that all three statements are true, which corresponds to option C.

Option Analysis:
  • Option A: This option is incorrect because it omits the third statement, which is true. BSE indeed stands for Bombay Stock Exchange.
  • Option B: This option is incorrect because it omits the second statement, which is true. The Ryotwari system was introduced in the Madras and Bombay presidencies.
  • Option C: This option is correct because all three statements are true. Mumbai is named after the local deity Mumbadevi, the Ryotwari system was introduced in the Madras and Bombay presidencies, and BSE stands for Bombay Stock Exchange.
  • Option D: This option is incorrect because it omits the first statement, which is true. Mumbai is named after the local deity Mumbadevi.

Mnemonic: M-R-B: Mumbadevi, Ryotwari, BSE

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