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Which of the following statements correctly defines the term 'drain theory' as propounded by Dadabhai Naoroji ?

A) That the resources of the country were being utilised in the Interest of Britain
B) That a part of India's national wealth or total annual product was being exported to Britain for which India got no material returns
C) That the British industrialists were being given an opportunity to invest in India under the protection of the imperial power
D) That the British goods were being imported to the country making it poorer day by day

Correct Answer:


B) That a part of India's national wealth or total annual product was being exported to Britain for which India got no material returns

Description for Correct answer:
1867, Dadabhai Naoroji put forward the 'drain of wealth' theory in which he stated that the Britain was completely draining India. ... The drain of wealth was the portion of India's wealth and economy that was not available to Indians for consumption.

Part of solved Expansion of British Supremacy questions and answers : General Knowledge >> History >> Expansion of British Supremacy

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