Question : Who was the first nationalist to give the theory of the drain of wealth from India to England?
Option 1: Mahatma Gandhi
Option 2: R. C. Dutt
Option 3: S. N. Banerjee
Option 4: Dadabhai Naoroji
Correct Answer: Dadabhai Naoroji
Solution : The correct answer is Dadabhai Naoroji.
The drain of wealth theory was put forth by Dadabhai Naoroji in 1867, who claimed that Britain was robbing India of all its wealth. The constant flow of wealth from India to England, for which India received insufficient economic, commercial, or material returns, is depicted as the drain of wealth. His book, Poverty and Un-British Rule in India mentioned this theory.
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