Which of the following statement relates the Dadabhai Naoroji's definition of 'Drain of Wealth'?

A Those resources of the country were being utilized in the interest of Britain
B That a part of India's national wealth or total annual product was being exported to Britain for which India got no material return
C That the British industrialists were being given an opportunity to invest in India under the protection of the imperial power
D That the British goods were being imported into the country making it poorer day by day

Correct Answer: That a part of India's national wealth or total annual product was being exported to Britain for which India got no material return

Dadabhai Naoroji's definition of 'Drain of Wealth means that a part of India's national wealth or total annual product was being exported to Britain for which India got no material return.
Bissoy MCQ
#History #Modern Indian History

Related Questions

Dadabhai Naroji has described his theory of 'Drain of Wealth' in the book
A Poverty and Un-British Rule in India
B British Rule and its Consequences
C Exploitative Nature of British Rule in India
D Nature of British Colonial Rule
When drain voltage equals the pinch-off-voltage, then drain current ___________ with the increase in drain voltage
A decreases
B increases
C remains constant
D none of the above
Who formulated the 'Drain of Wealth' theory?
A Dadabhai Naoroji
B M. G. Ranade
C R. Dutt
D B. C. Pal
The first economic thinker of India who showed through his writings that the basic cause of India’s poverty lay in the British exploitation and drain of wealth was
A Badruddin Tyabji
B Womesh Chandra Bonnerjee
C Dadabhai Naoroji
D N.G. Chandavarkar
Who said that the constant 'drain of wealth' from India was responsible for India's economic miseries?
A BC Pal
B BP Wadia
C Dadabhai Naoroji
D GS Arundale
The main exponent of the theory of Drain of Wealth was
A RC Dutt
B Dadabhai Naoroji
C DR Gadoil
D Karl Mane
There is a →adifferent between income →band wealth people can have a →clarge income and →dno wealth.
A a
B b
C c
D d
The modern desire for wealth is not inherent in human nature, and varies with social values. If, by law, we all had exactly the same income, we should have to find some other way of being superior to our peers, as most of our craving for material possessions would cease. Thus a general increase of wealth gives no competitive advantage to an individual and therefore brings him no competitive happiness. [Identify the most logical conclusion.]
A A general inrease of wealth results in increased happiness
B The modern desire for wealth derives from the desire to achieve competitive happiness
C There is no competitive advantage to an individual in getting a general increase of wealth
D A general increase of wealth brings competitive happiness
A man wills 25% of his wealth to charity and rest to his family. What percent of the wealth willed to charity does the family get?
A 200
B 33.3
C 300
D 25
If A's wealth is 4/9 times of B's and C's is 7/6 times of B's, what is the ratio of C's wealth to A's?
A (8:21)
B (21:8)
C (27:14)
D (14:27)

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