The Drain Theory CDS Questions

CDS History

The Drain Theory MCQ Questions


1.
Who is regarded as the chief architect of the 'Drain of Wealth' theory in colonial India?
A.
Gopal Krishna Gokhale
B.
Mahadev Govind Ranade
C.
Dadabhai Naoroji
D.
Romesh Chandra Dutt
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ANSWER :
C. Dadabhai Naoroji
2.
In which book did Dadabhai Naoroji systematically present the Drain Theory?
A.
Poverty and Un-British Rule in India
B.
Indian Famines: Their Causes and Prevention
C.
The Economic History of India
D.
England and India
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ANSWER :
A. Poverty and Un-British Rule in India
3.
In which year did Dadabhai Naoroji first formally present the idea of the 'drain' in his paper 'England's Debt to India'?
A.
1867
B.
1885
C.
1901
D.
1857
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ANSWER :
A. 1867
4.
Who, among the following, is famously known as the 'Grand Old Man of India'?
A.
Pherozeshah Mehta
B.
Dadabhai Naoroji
C.
Surendranath Banerjee
D.
Madan Mohan Malaviya
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ANSWER :
B. Dadabhai Naoroji
5.
According to the Drain Theory, the term 'economic drain' refers to:
A.
Loss of Indian gold reserves to global trade imbalances
B.
Outflow of agricultural surplus to neighbouring Asian colonies
C.
That portion of India's national product which was transferred to Britain without any adequate economic or material return
D.
Migration of Indian skilled workers to Britain
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ANSWER :
C. That portion of India's national product which was transferred to Britain without any adequate economic or material return
6.
Which of the following was NOT a component of the 'drain of wealth' as enumerated by Dadabhai Naoroji?
A.
Royalties paid by India to Indian princely states
B.
Interest on loans taken by the Indian Government from abroad
C.
Salaries and pensions of British civil and military officials
D.
Profits on British foreign investments in India
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ANSWER :
A. Royalties paid by India to Indian princely states