Which statement best describes the significance of the magna carta

The prime significance of Magna Carta is that it sets limits on the power of the British monarchy.

Explanation:

A charter of rights written by the batch of Barons of England, being granted on 15th June 1215. The charter was granted under the threat of civil war. It was re-issued many time as in 1216, 1217, 1225. it proved to be a great charter for English people to prior their individual rights.

The charter took place under the tyranny of King John who took the oath after the demise of his brother. But, his lack in kinship and short-temper played wrong in the mind and hearts of his people, especially the English Barons.