Correct option is B
Information Booster:
Statement (A) Shivaji's Land Revenue System was called Ryotwari - Incorrect - The Ryotwari system was introduced by the British, particularly Thomas Munro in Madras Presidency in the early 19th century.Shivaji did not use the term "Ryotwari" for his system.However, Shivaji’s revenue system was based on direct contact with cultivators, similar in spirit, but it was not called Ryotwari.
Statement (B) 40 percent of produce was taken as Land Tax in Shivaji's period - Correct - Under Shivaji’s revenue reforms, carried out by Annaji Datto, the state fixed the land tax at 40% of the actual produce, which was less than earlier arbitrary rates.This was part of Shivaji’s effort to reduce the burden on peasants and make revenue collection fair.