INSIGHT UPSC QUIZ

GS History Modern India
Q.

Regarding Dadabhai Naoroji’s Drain of Wealth theory, the main constituents of Home charges were which of the following?

1. Dividend to the shareholders of the East India Company

2. Interest on Public Debt rose abroad

3. Civil and Military charges

4. Store purchased in England

Select the correct answer using the code given below.

Explanation:

The Home charges were made of four components:

  1. Interest payable on Indian debt.
  2. Dividend to shareholders of East India Company
  3. Interest on Public Debt rose abroad. Example: Interest on the investments on the railways.
  4. Civil and military charges.

Thus, Option D is Correct.

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