Q. Consider the following pairs:
Personality
Work/Book
1. Dadabhai Naoroji
The English debt to India
2. R C Dutt
The Economic History of India
3. M G Ranade
Essay on Indian economics
Which of the pairs given above is/are matched correctly?
Q. Consider the following pairs:
| Personality | Work/Book |
| 1. Dadabhai Naoroji | The English debt to India |
| 2. R C Dutt | The Economic History of India |
| 3. M G Ranade | Essay on Indian economics |
Which of the pairs given above is/are matched correctly?
The correct option is D 1, 2 and 3
Explanation:
Statement 1 is correct: One of the earliest propagators of the drain of wealth theory was Dadabhai Naoroji. In 1867, he put forward the idea that colonial rule was draining and bleeding India of its wealth. He wrote about it in a paper called ‘The English debt to India’. He wrote (in his work "Poverty and Un-British Rule in India", 1880) that it was the pitiless action of British policy which was eating India off its substance.
Statement 2 is correct: Another well-known argument supporting the drain of wealth was given by R.C. Dutt. In his work, "Economic History of India", Dutt had equated the drain of wealth to moisture being sucked out of Indian soil to fertilize the lands in England. He commented that the economic drain out of India was so severe that it had impoverished one of the most prosperous countries on earth.
Statement 3 is correct: M G Ranade wrote “Essay on Indian Economics” showing the drain of wealth.
Explanation:
Statement 1 is correct: One of the earliest propagators of the drain of wealth theory was Dadabhai Naoroji. In 1867, he put forward the idea that colonial rule was draining and bleeding India of its wealth. He wrote about it in a paper called ‘The English debt to India’. He wrote (in his work "Poverty and Un-British Rule in India", 1880) that it was the pitiless action of British policy which was eating India off its substance.
Statement 2 is correct: Another well-known argument supporting the drain of wealth was given by R.C. Dutt. In his work, "Economic History of India", Dutt had equated the drain of wealth to moisture being sucked out of Indian soil to fertilize the lands in England. He commented that the economic drain out of India was so severe that it had impoverished one of the most prosperous countries on earth.
Statement 3 is correct: M G Ranade wrote “Essay on Indian Economics” showing the drain of wealth.
