The "drain of wealth" depicts the constant flow of wealth from India to England for which India did not get an adequate economic, commercial or material return. GKArea. Marginal contributions to the theory were also made by R.C. Read on. 1 of 5 stars 2 of 5 stars 3 of 5 stars 4 of 5 stars 5 of 5 stars. Dutt, Dadabhai Naoroji and others. Naorojiâs lasting intellectual contribution was to expound the âDrain Theoryâ. Dadabhai Naoroji pinpointed the misuse of railways to justify his monetary drain theory through the British. Why in News? Dadabhai Naoroji gave âdrain of wealth theory⦠His distinguished political career aside, Naoroji was a professor of Gujarati, mathematics, and natural philosophy, and also worked as a businessman. Dadabhai naoroji was parsi Indian political and social leader. Answer: Dadabhai Naoroji 6. Who is the creator of Brain Drain theory? He realized that Britain was draining Indian wealth. One of the reasons that the Drain theory is attributed to Naoroji is his decision to estimate the net national profit of India, and by extension, the effect that colonisation has on the country. Gandhiji used railways to travel all over India and familiarize Indians with the ideas of swaraj and satyagraha. Naoroji himself was a member of this commission which reviewed the financial burdens on India. Dadabhai Naoroji's work focused on the drain of wealth from India to England during colonial rule of British in India. Answer: Dadabhai Naoroji 6. Who is the creator of Brain Drain theory? He was also the first Asian to be a British MP. Answer: Dadabhai Naoroji 9. The Drain of Wealth theory was systemically initiated by Dadabhai Naoroji in 1867 and further analysed and developed by R.P. Educated at Elphinstone College, Bombay (now Mumbai), he was professor of mathematics and natural philosophy there before turning to politics and a career in commerce that took him to England, where he spent much of his life. Ray. Part of: GS Prelims and Mains GS-I â Modern Indian History. For Prelims and Mains: Key contributions and their significance. Dutt (c) M.G. IAS Prelims 2011 Model Question Paper - Here is a GS Model Question Paper for the UPSC Prelims 2011 exam. He posited a direct link between the preponderance of Britons ruling the country and the scale of the drain of wealth; this, in a nutshell, was the political corollary to the drain theory. Territorial Expansion enabled the Company to generate greater commercial revenues to access Indian goods for export purposes. About Dadabhai Naoroji: Born in 1825 at Navsari, in present-day Gujarat; Apart from having a distinguished political career, Naoroji was also a professor of Gujarati, mathematics, and natural philosophy, and also worked as a businessman. The early nationalists, led by Dadabhai Naoroji, R.C. His book ‘Poverty and Un-British Rule in India’ brought attention to his ‘DRAIN OF WEALTH’ theory from ⦠Dadabhai Naorojiâs theory of the Drain of Wealth . A first rough estimate of National Income was done by Dadabhai Naoroji for 1867-68; published in his book Poverty and Unbritish rule in India (famous for its Drain of Wealth theory) The first scientific estimate made by Prof V K R V Rao (1931-32) Ans: c. Explanation: The Drain of Wealth theory, primarily propounded by Dadabhai Naoroji, holds that a large part of Indiaâs national wealth or ⦠meaning and components of economic drain of wealth from British India. The European and Asiatic Races: Observations on the Paper Read by John Crawfurd, Esq., F.R.S. Dadabhai Nauroji. What is Dadabhai Naorojiâs drain theory? Structure of the answer: Introduction (drain of wealth)Estimate of drain of wealthConstituent of economic drainConsequencesFinal analysis Model Answer The constant flow of wealth from India to England for which India did not get an adequate economic, commercial or material return has been described as drain of wealth from India. Answer: Dadabhai Naoroji 9. He played an instrumental role in the formation of the Indian National Congress. I n Dadabhai Naorojiâs formulation, the Indian civil serviceâand, specifically, the lack of a significant number of Indians in this administrative corpsâwas the primary reason for Indian impoverishment. He was also one of the founding members of Indian National Congress. The Drain of Wealth theory was systemically initiated by Dadabhai Naoroji in 1867 and further analysed and developed by R.P. Dutt, Dinshaw Wacha and others, carefully analyzed the political economy of British rule in India and put forward the "drain theory" to explain British exploitation of India. Dadabhai Naoroji's work focused on the drain of wealth from India into England through colonial rule. In News. Dadabhai Naoroji. (a) B.G. Ranade (d) Sir Syed Ahmad Khan. Dadabhai Naoroji was the first man to say that internal factors were not the reasons of poverty in ⦠Context: September 4, 2019 was the 194th birth anniversary of Dadabhai Naoroji, the âGrand Old Man of Indiaâ, who was among the first leaders who stirred national consciousness in the country. Dadabhai Naroji has described his theory of âDrain of Wealthâ in the book. The âDrain Theoryâ was first developed by Dadabhai Naoroji in a series of speeches and writings subsequently published in 1901 in a volume entitled Poverty and un-British Rule in India. questions asked in previous UPSC civil services preliminary exam. These are: External rule and administration in India. R C Dutta & Dadabhai Naoroji first cited the drain of wealth theory Naoroji brought ii to light in his book titled âPoverty And Un-British Rule In Indiaâ R C Dutt blamed the British policies for, Indian economic ills in his book âEconomic History of Indiaâ (1901-03) One of the reasons that the Drain theory is attributed to Naoroji is his decision to estimate the net national profit of India, and by extension, the effect that colonial rule had on the country. September 4, 2019 was the 194th birth anniversary of Dadabhai Naoroji, the âGrand Old Man of Indiaâ, who was among the first leaders who stirred national consciousness in the country. Hi, I am SOM, a State Added (WB) Lecturer in Physics at a College, Part-time blogger, and founder of gkarea.com, started blogging since 2015 and still learning. (250 words) Reference. Scholarly, estimate drain of wealth to be around 9% of Indiaâs GDP in 18 th century and 6% of GDP in 19 th century. Explanation : Dadabhai Naorojiâs book âPoverty and Un-British Rule in Indiaâ brought attention to the draining of Indiaâs wealth into Britain. Drain Theory in Dadabhai Naorojiâs book poverty and unBritish rule in India. The Prime Minister of India had paid tributes to the martyrs of the Jallianwala Bagh massacre on the day of commemorating 101 years of the incident. The Drain of Wealth Theory. In 1885, Naoroji became a vice-president of the Bombay Presidency Association, was nominated to the Bombay legislative council by Governor Lord Reay, and helped form the Indian National Congress. Answer: Dadabhai Naoroji 8. Who coined the name Indian National Congress (INC) ? quantitative estimation made by Dadabhai Naoroji, G.V. Answer: Dadabhai Naoroji 8. Who coined the name Indian National Congress (INC) ? Dadabhai Naoroji gave âdrain of wealth theoryâ in his book âPoverty and Un-British Rule in Indiaâ. You can study other questions, MCQs, videos and tests for UPSC on EduRev and even discuss your questions like Dadabhai Naoroji first put forward his Theory of Drain of Wealth in his papera)Poverty and Un-British Rule in India.b)Englands Debt to India.c)On the Commerce of India.d)The Wants and Means of India.Correct answer is option 'B'. Dadabhai Naoroji . Tilak (b) R.C. Born in 1825 at Navsari, in present-day Gujarat, Naoroji was a prolific scholar with varied interests. Dadabhai Naoroji dedicated his life to propagation of the drain theory and to launching a roaring campaign against the drain which was considered by him to be the fundamental evil of British rule in India.\\ Dadabhai Naoroji gave six factors that caused external drain. Dutt, M.G Ranade etc. Joish and D.E.Wacha. Dutt, M.G Ranade etc. Famously called the âGrand Old Man of India,â Naoroji hailed from a leading Parsi family in Bombay. The Drain of Wealth theory was systemically initiated by Dadabhai Naoroji in 1867 and further analysed and developed by R.P. c. Drain of Wealth included âHome Chargesâ. e.g. Naorojiâs lasting intellectual contribution was to expound the âDrain Theoryâ. d. All the statements are correct. Dadabhai Naoroji was a legendary Indian political and social leader, academician, and intellectual. In his many papers and speeches, he gave statistical data to prove his drain theory. Dadabhai Naoroji tried to explain in his book the causes of drain, to measure the extent of such drain and to find the consequences of such drain. Directive word. Discuss. The drain theory of Dadabhai Naoroji was formally accepted in which among the sessions of the Indian National Congress? Dadabhai Naoroji. For more details related to Drain of Wealth for UPSC Civil Services Preparation you can refer this article for better understanding. Answer: Dadabhai Naoroji and W.C. Bonnerjee 5. Who is the creator of Drain theory? Discuss- this is an all-encompassing directive which mandates us to write in detail about the key demand of the question. Born in 1825 at Navsari, in present-day Gujarat. Answer: Dadabhai Naoroji 7. Who is the first Indian elected to British parliament ? The most sophisticated account of the economic drainâa basic characteristic of the Indian colonial economyâwas made by Dadabhai Naoroji in 1871 in his book, Poverty and un-British Rule in India. Later on, the volume of drain estimated by Naoroji was, Rs 25 crore in 1893. Who among the following leaders did not believe in the drain theory of Dadabhai Naoroji? Write a critique on the impact of the Drain Theory of Dadabhai Nauroji in the growth of economic nationalism. He was the first Asian to be a member of British parliament. The most important theory to be discussed here is Drain of Wealth Theory of Dadabhai Naoroji. Dutt, M.G Ranade etc. Topic â Indiaâs Freedom Struggle- Significant Personalities.. 2) Dadabhai Naoroji played an important role in Indiaâs history and its freedom struggle. The drain theory was put forward by Dadabhai Naoroji in his book âPoverty and UnBritish Rule in Indiaâ. What to study? DadabhaiNaoroji was among the key proponents of the âDrain Theoryâ, disseminating it in his 1901 book âPoverty and Un-British Rule in Indiaâ. The drain amounted to half the govt. revenue, more than entire land revenue collection and over 1/3rd of Indiaâs savings. Answer: Dadabhai Naoroji 7. Who is the first Indian elected to British parliament ? Answer: (d) Thus the British siphoning system adopted to take away Indiaâs resources and wealth has been termed as âThe Economic Drainâ by economists like R.C. Dadabhai is widely credited for developing the Drain theory which resulted in understanding the effect which British rule had on Indian Society while attempting to estimate the net national profit of India. Answer: Dadabhai Naoroji and W.C. Bonnerjee 5. Who is the creator of Drain theory? One of the reasons that the Drain theory is attributed to Naoroji is his decision to estimate the net national profit of India, and by ⦠Dadabhai Naoroji, (born Sept. 4, 1825, Bombay [now Mumbai], Indiaâdied June 30, 1917, Bombay), Indian nationalist and critic of British economic policy in India.. Ans: c. Explanation: The Drain of Wealth theory, primarily propounded by Dadabhai Naoroji, holds that a large part of Indiaâs national wealth or total annual product was exported to England for which the Indians got no adequate returns. In 1867, Dadabhai Naoroji put forward the â drain of wealth â theory in which he stated that the Britain was completely draining India. The basic purpose of his study was to measure mass poverty which was a direct consequence of the economic drain. One of the most significant historical contribution of the early moderate Indian⦠Dutt, G. S. Iyer, G.K. Gokhale and P.C. September 4, 2019 was the 194th birth anniversary of Dadabhai Naoroji, the âGrand Old Man of Indiaâ He was among the first leaders who stirred national consciousness in the country. It was used with the aid of Indian national congress to connect Indian intelligentsia from extraordinary parts of India. before the Ethnological Society on February 14th 1866. by. In 1866, Dadabhai Naoroji founded in London the East Indian Association for propagating the cause of India. Further in his book, he stated the loss of 200-300 million pounds of revenue to Britain. 1) Benaras session, 1905 In 1905, total amount of drain calculated by Naoroji was Rs 51.5 crore. Dadabhai Naoroji. ©selfstudyhistory.com Ans: The Indian national movement was deeply and firmly rooted in an understanding of the nature and character of colonial economic domination and exploitation. it was amazing 5.00 avg rating â 2 ratings â published 1866 â 5 editions. Dadabhai Naoroji also known as the Grand Old Man of India and Unofficial Ambassador of India was an Indian scholar, trader and politician. He was a member of the Second International. As a result of his work on the drain theory, a Royal Commission on Indian Expenditure was set up in 1896. Dadabhai Naoroji's work focused on the drain of wealth from India to Britain during the period rule of British rule in India. Naoroji was a prominent figure and play a significant role in Indian national movement.
Outdoor Haircuts San Jose,
Middlesbrough Academy Graduates,
Lander Wyoming Public Records,
Create Your Own Funny Birthday Card,
Stevenson University Athletic Department,
No Plan Survives Contact With The Enemy Rommel,
Happy Birthday Alphabet Letters,
Pittsburgh Accident Reports,
Fathers Day Pregnancy Announcement Card,
Nearest Citibank Branch From My Location,
Kolkata Derby Race 2021,