Question

Q. Wealth was drained from India to Britain in which of the following ways during the colonial period?

Select the correct answer using the code given below:

• A.
  1 and 2 only
• B.
  2 and 3 only
• C.
  1 and 3 only
• D.
  1, 2 and 3

Answer 1

The correct option is D

1, 2 and 3
Explanation:

Statement 1 is correct: One of the channels through which the drain of wealth took place is bribes taken by Robert Clive from the Nawabs of Bengal.

Statement 2 is correct: Home charges were the interest paid on colonial India’ s sterling debt and the salaries and pensions of officers remitted to Britain. It also included the salaries of the Secretary of State.

Statement 3 is correct: Home charges also included maintenance of the army and funds for waging wars even outside India.