Q1. The drain of wealth theory was a major critique of colonial economic policies. Who propounded the ‘Drain of wealth theory’ in the late 19ᵗʰ century?
- (a) Gopal Krishna Gokhale
- (b) Mahatma Gandhi
- (c) Dadabhai Naoroji
- (d) Jawaharlal Nehru
Answer & solution
Answer: (c) Dadabhai Naoroji