Question

In which of the following forms were India’s capital and wealth transferred to Britain?

a. Salaries and pensions of the British civil and military officials working in India.

b. Profits of the British capitalists in India.

c. Expenses of the Indian government in Britain.

d. Interests on loans by the Indian government.

1. Only a, c and d
2. Only a, b and c
3. a, b, c and d
4. Only b, c and d

Answer 1

Correct Answer - Option 3 : a, b, c and d

The correct answer is  a. b. c and d.

• All of the above-given statements are included in the transfer of wealth to Britain during colonial time.
• In the first few decades of the twentieth century, 8000 British officers earned £13,930,554, while 130,000 Indians in government service were collectively paid a total of £3,284,163.
• The amount of Indian government debt on the London markets rose from £1.49m in 1800 to £272m in 1938.

• India had 25 percent of world industrial output in 1750, and this dwindled to two percent in 1900.
• Dadabhai Naroji gave Drain of Wealth theory which described how Britishers transfer wealth from India in a strategic manner.