Advertisements
Advertisements
Question
What do you mean by drain of wealth?
Advertisements
Solution
India was economically subjugated and transformed into a supplier of raw materials. It became a market to dump English manufacturers and for the investment of British Capital. So the colonial economy was a continuous transfer of resources from India to Britain without any favorable returns back to India. This is referred as “the drain of wealth”.
APPEARS IN
RELATED QUESTIONS
Indian National Congress -
What were the techniques adopted by the Congress to get its grievances redressed?
The section of Indian nationalists who had little patience for the non-political constructive programmes was called ______.
______ lent his services to facilitate the formation of the Indian National Congress.
In the ______ session of Indian National Congress (1916) decided to admit the militant faction into the party.
The formation of the ______ in 1885 was intended to establish an All India Organisation.
______ played a significant role in propagating the ideas of Nationalism.
Match the Column I with Column II :
| Column I | Column II | ||
| A | Bombay presidency Association | (i) | 1884 |
| B | East India Association | (ii) | 1885 |
| C | Madras Mahajana sabha | (iii) | 1852 |
| D | Madras Native Association | (iv) | 1906 |
| E | Montague Chelms Ford reforms | (v) | 1866 |
| F | Poona Sarvajanik Sabha | (vi) | 1919 |
| (vii) | 1870 |
Name the early leaders who criticized about colonial economy.
The Indian National Congress was founded in ______.
What were the aims of the Indian National Congress?
