In 1793, the Permanent Settlement system for land revenue collection in Bengal was formally introduced during the administration of which Governor-General?

The correct answer is Lord Cornwallis.

Step-by-Step Explanation:
1. Context & Origin: The Permanent Settlement (also known as the Permanent Settlement of Bengal) was an agreement between the East India Company and Bengali landlords to fix revenues raised from land.
2. Implementation Year: It was formally brought into effect in 1793.
3. Governor-General: The settlement was introduced under the administration of Lord Cornwallis, who served as the Governor-General of Bengal from 1786 to 1793.
4. Key Features: Under this system, landlords (Zamindars) were recognized as the owners of the land in perpetuity, provided they paid a fixed revenue amount to the British government on specified dates.