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Question

What does the phrase, 'drain of wealth', refer to?

A
Throwing away the wealth on streets.
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B
Selling public property to British government.
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C
Sharing the profits with Indian farmers.
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D
Acquiring raw materials from India for British industries and selling finished goods at higher prices.
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Solution

The correct option is D Acquiring raw materials from India for British industries and selling finished goods at higher prices.
The British exploited India as a supplier of raw materials for the industries in their home country. At the same time, they dumped manufactured goods at high prices in the colony. It was a continuous transfer of resources from India to Britain without any benefit to the former. This is termed as the 'drain of wealth'.

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