GENERAL KNOWLEDGE

Detailed explanation-1: -The ‘Drain Theory’ was propounded by Dadabhai Naoroji, who said that the British were exploiting Indian resources in two ways: home charges and unrequited export. Home charges referred to the interest paid to England by Indians for ‘developing’ India.

Detailed explanation-2: -The word swaraj was first used by Dadabhai Naoroji in the congress session held at Calcutta in 1906.

Detailed explanation-3: -Dadabhai Naoroji was the first man to say that internal factors were not the reasons of poverty in India but poverty was caused by the colonial rule that was draining the wealth and prosperity of India. The drain of wealth was the portion of India’s wealth and economy that was not available to Indians.