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Q.

Who propounded the theory of 'Drain of Wealth' theory in the 19th century?


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a

Dadabhai Naoroji

b

Mahatma Gandhi

c

Pandit Jawaharlal Nehru

d

None of the above 

answer is A.

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Detailed Solution

The "Drain of Wealth" hypothesis was first put forth in the 19th century by Dadabhai Naoroji.
The exploitation of Indian resources was a hallmark of the colonial era. Britain's main goal in conquering India was to secure a steady supply of affordable raw resources for its own industrial base there. The British government expanded its colonial base outside of India by using the labour force of India. Indian soldiers were paid less than their British colleagues to serve in the British army.
Thus, 1  is the correct answer.
 
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