Consider the following statements regarding the establishment of British East India Company in Bengal:
I. The Permanent Settlement had come into operation in 1793.
II. In 1797 there was an auction in Burdwan, during which a number of mahals (estates) held by the Raja of Burdwan were being sold.
III. The estates of those who failed to pay were to be auctioned to recover the revenue.
Which of the following statement(s) is/are correct?
a. Only I
b. I and II
c. I and III
d. I, II and III
