The theory of the drain of wealth from India was explained in the book 'Poverty and Un-British Rule in India' written by
- A.Gopal Krishna Gokhale
- B.Dadabhai Naoroji
- C.R. C. Dutt
- D.Mahadev Govind Ranade
Correct answer
Explanation
The correct answer is B, Dadabhai Naoroji. Dadabhai Naoroji, honoured as the Grand Old Man of India and the first Indian to be elected to the British House of Commons, brought together his writings in this book and showed with figures that a large part of India's wealth was being carried away to Britain every year through salaries, pensions, interest and the cost of the army, a case known as the drain theory. Option A is wrong because Gopal Krishna Gokhale is remembered for his budget speeches and for founding the Servants of India Society, not for this book. Option C is wrong because Romesh Chunder Dutt wrote The Economic History of India, a separate work along the same lines. Option D is wrong because Ranade wrote Essays on Indian Economics and is called a pioneer of Indian economic thought.
Read the full article: Books on Economics and Politics and Their Authors
Practice Questions
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