1. Who is credited with popularizing the Drain of Wealth theory?
A. Dada Bhai Naoroji
B. Bal Gangadhar Tilak
C. Gopal Krishna Gokhale
D. Bankim Chandra Chatterjee
Answer: A. Dada Bhai Naoroji
2. In which book did Dada Bhai Naoroji elaborate on the Drain of Wealth theory?
A. Poverty and Un-British Rule in India
B. Indian Economy and Exploitation
C. Economic Drain of India
D. Wealth and Inequality
Answer: A. Poverty and Un-British Rule in India
3. What was the central idea of the Drain of Wealth theory?
A. India was benefiting economically from British rule.
B. Indian resources and wealth were being transferred to Britain without adequate compensation.
C. British rule was leading to industrial growth in India.
D. India’s wealth was being distributed equally across regions.
Answer: B. Indian resources and wealth were being transferred to Britain without adequate compensation.
4. Which of the following was NOT considered a form of wealth drained by the British from India?
A. Salaries of British officials
B. Home charges paid to Britain
C. Revenue from Indian exports
D. Funds invested in Indian industries
Answer: D. Funds invested in Indian industries
5. The Drain of Wealth theory played a significant role in which of the following movements?
A. Non-Cooperation Movement
B. Civil Disobedience Movement
C. Swadeshi Movement
D. Quit India Movement
Answer: C. Swadeshi Movement
6. According to the Drain of Wealth theory, which sector was most exploited during British rule?
A. Agriculture
B. Industries
C. Trade and Commerce
D. Banking
Answer: C. Trade and Commerce
7. What was the estimated annual economic drain from India to Britain as calculated by Dada Bhai Naoroji?
A. £8 million
B. £20 million
C. £40 million
D. £100 million
Answer: A. £8 million
8. The Drain of Wealth theory primarily highlighted which of the following impacts of British rule?
A. Political oppression
B. Social inequality
C. Economic exploitation
D. Cultural suppression
Answer: C. Economic exploitation
9. Which of the following was NOT a method used for the economic drain from India?
A. Payment of interest on public debt
B. Export of raw materials at low prices
C. Encouragement of Indian industries
D. Remittance of profits by British companies
Answer: C. Encouragement of Indian industries
10. The concept of “Economic Nationalism” in the Indian freedom struggle was influenced by the:
A. Civil Disobedience Movement
B. Drain of Wealth theory
C. Indian National Congress sessions
D. Moderates and Extremists’ debate
Answer: B. Drain of Wealth theory
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