Who propounded the 'Drain of Wealth' theory in his book 'Poverty and Un-British Rule in India'?
A. Romesh Chunder Dutt
B. Gopal Krishna Gokhale
C. Dadabhai Naoroji
D. M. G. Ranade
Answer: Option C
Solution (By JKSSB Mock Tests)
Dadabhai Naoroji, known as the 'Grand Old Man of India', put forward the Drain of Wealth theory, arguing that Britain was systematically draining India's resources.
Explanation:
The Government of India Act, 1935, introduced a federal structure for India, with a bicameral legislature at the centre and provincial autonomy. It also established a Reserve Bank of India.
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