Question map
Not attempted Correct Incorrect ★ Bookmarked
Loading…
Q100 (CAPF/2012) History & Culture › National Movement (1857–1947) › Colonial economic impact Answer Verified

Who among the following used the term ‘Drain of Wealth’ for the first time?

Result
Your answer: —  ·  Correct: C
Explanation

Dadabhai Naoroji, known as the 'Grand Old Man of India', was the first to propound the 'Drain of Wealth' theory to describe the systematic transfer of India's resources to Britain without any equivalent return. He first introduced this concept in 1867 and later detailed it in his seminal work, 'Poverty and Un-British Rule in India' (1901). Naoroji argued that the British were draining India of its productive capital, estimating that between 1835 and 1872, goods worth 13 million pounds were exported annually to Britain without compensation. This economic critique became a cornerstone of Indian nationalist ideology, highlighting how British taxation and administrative costs (Home Charges) were spent for the welfare of England rather than India. His analysis provided a logical framework for understanding India's poverty as a direct result of colonial exploitation [2].

Sources

  1. [2] Modern India ,Bipin Chandra, History class XII (NCERT 1982 ed.)[Old NCERT] > Chapter 12: Growth of New India—The Nationalist Movement 1858—1905 > GROWTH OF NEW INDIA—THE NATIONALIST MOVEMENT 1858-1905 205 > p. 205
How others answered
Each bar shows the % of students who chose that option. Green bar = correct answer, blue outline = your choice.
Community Performance
Out of everyone who attempted this question.
75%
got it right
✓ Thank you! We'll review this.

SIMILAR QUESTIONS

NDA-II · 2013 · Q42 Relevance score: 5.67

Consider the following statements : 1. Dadabhai Naoroji first put forward ‘the theory of drain of wealth’. 2. The Indian National Congress adopted a resoultion to criticize the drain of wealth in its annual session at Calcutta in 1896. Which of the statements given above is/are correct ?

CDS-II · 2011 · Q63 Relevance score: 4.53

Which one among the following statements appropriately defines the term ‘drain theory’ as propounded by Dadabhai Naoroji in his work ‘Poverty and un-British Rule in India ?

NDA-II · 2008 · Q96 Relevance score: 3.72

Who among the following first used the word ‘Swarajya’?

CDS-II · 2013 · Q96 Relevance score: 1.88

Who among the following first used the word ‘Swarajya’ in its political sense and accepted Hindi as the national language of India ?

IAS · 1996 · Q75 Relevance score: 1.65

Who among the following leaders did not believe in the drain theory of Dadabhai Naoroji ?