CA Foundation P4 · Chapter 10 · Question 12 of 15
The 'drain theory', which argued that British rule transferred India's wealth to Britain, was propounded by:
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) Dadabhai Naoroji
Explanation
Dadabhai Naoroji, in 'Poverty and Un-British Rule in India', argued that a large portion of India's wealth was drained to Britain through home charges, salaries, pensions and profits, without any corresponding return.
More Indian Economy MCQs
- Q14The Goods and Services Tax (GST), a destination-based indirect tax, was introduced in India with effect from:
- Q15The Industrial Policy Resolution of 1956 is significant because it:
- Q1The economic reforms introduced in India in 1991 are popularly summarised as:
- Q2The immediate trigger for the economic reforms of 1991 was:
- Q3Within the 1991 reform package, which of the following is a 'stabilisation' measure rather than a 'structural reform' measure?