Dadabhai Naoroji is famous for which theory?
Answer and explanation
Correct answer: Drain of Wealth Theory
Dadabhai Naoroji developed the Drain of Wealth theory, arguing that colonial economic policies transferred a substantial part of India’s resources to Britain without equivalent return. He used trade, revenue and administrative data to criticise this exploitation. Subsidiary Alliance and Doctrine of Lapse were expansionist policies, while Satyagraha is associated mainly with Gandhi. Therefore, option A is correct.
Frequently asked questions
What is the correct answer to this question?
Drain of Wealth Theory
Why is this the correct answer?
Dadabhai Naoroji developed the Drain of Wealth theory, arguing that colonial economic policies transferred a substantial part of India’s resources to Britain without equivalent return. He used trade, revenue and administrative data to criticise this exploitation. Subsidiary Alliance and Doctrine of Lapse were expansionist policies, while Satyagraha is associated mainly with Gandhi. Therefore, option A is correct.
Which subject and chapter does this question cover?
This is a Class 12 History question. Chapter: Mahatma Gandhi and the Nationalist Movement.
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