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
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
2 and 3 only
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
1 and 3 only
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
1, 2 and 3
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution
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.