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Question
Which of the following resulted in the drain of wealth from India as pointed out by Dadabhai Naoroji?
Which of the following resulted in the drain of wealth from India as pointed out by Dadabhai Naoroji?
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Solution
The correct options are
A Home Charges
C Unrequited Exports
Dadabhai Naoroji believed that India’s wealth was drained by Home Charges and Unrequited Exports. Home charges were the interest paid to England by Indians for the money spent on developing India. The interest was paid as costs to maintain the army and pension for retired British Indian personnel. Unrequited Exports refers to the amount of wealth that was taken from India by the British that did not give any returns. The resources exported from India were taken with minimum or no returns.
A Home Charges
C Unrequited Exports
Dadabhai Naoroji believed that India’s wealth was drained by Home Charges and Unrequited Exports. Home charges were the interest paid to England by Indians for the money spent on developing India. The interest was paid as costs to maintain the army and pension for retired British Indian personnel. Unrequited Exports refers to the amount of wealth that was taken from India by the British that did not give any returns. The resources exported from India were taken with minimum or no returns.
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