Which of the following were the constituents of Home Charges, which was one of the methods of Economic Drain A) Dividend to the shareholders of the East India Company B) Interest on Public Debt raised abroad C) Pensions and furloughs payments of British officers in the Civil and Military departments in India D) Interest on Foreign Capital Investments Select the correct answer using the code given below?

A, B and C
B and C
Only C
A, B and D

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 1 : A, B and C

The Correct answer is- A, B, and C.

Home Charges refer to the expenditure incurred in England by the Secretary of State on behalf of India.
The main constituents were:
- Dividend to the shareholders of the East India Company.
- Interest on Public Debt raised abroad.
- Expenses on India Office establishment in London.
- Pensions and furloughs payments of British officers in the Civil and Military departments in India.
- Payments to the British war office.
- Store purchases in England.
Whereas, Economic drain mainly consists of:
- All the Home Charges
- Interests and profits on Foreign Capital Investments
- Payments with regard to banking, insurance, and shipping services in India.
Hence option A is the correct answer.

4 views Answered 2022-09-04 04:29

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