History · Colonial Economy
UGC NET December 2015 History
What constituted the crux of the Drain theory highlighted by Dadabhai Naoroji?
AAbuse of trade practices by the merchants of the ruling race
BIll-gotten money taken from the princely rulers and remitted to England
CUnrequited exports from India ✓ Correct
DGlutting of Indian markets with British manufactured goods
Correct answer: (C) Unrequited exports from India — The crux of the Drain theory was the unrequited exports from India, so the answer is unrequited exports from India.
Explanation
★The crux of the Drain theory was the unrequited exports from India, so the answer is unrequited exports from India.
★Unrequited exports meant goods sent out of India without any return in payment.
★India gave its wealth and goods but got nothing back for them.
★This was the heart of the drain of wealth to Britain.
★Dadabhai Naoroji set out this idea in his book Poverty and Un-British Rule in India.
★The theory deeply shaped the economic critique of British rule.
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