History · Economic History of Modern India
Which of the following best describes the specific structural mechanisms identified by Dadabhai Naoroji and R.C. Dutt as the primary means of transferring Indian surplus to Britain under the 'Drain of Wealth Theory'?
- 1The structural transfer through Home Charges, unrequited exports, and guaranteed railway profits.✓
- 2The implementation of the Ryotwari system to eliminate the fiscal burden of intermediaries like Zamindars.
- 3The direct exchange of Indian opium for British silver bullion in the Canton markets to stabilize the rupee.
- 4The reinvestment of land revenue from the Permanent Settlement into Bengal's industrial infrastructure.
Correct answer
The structural transfer through Home Charges, unrequited exports, and guaranteed railway profits.
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