Question

Which of the following statements are true regarding Dadabhai Naoroji?

1. The drain of wealth theory was proposed by him.
2. He founded the East Indian Association in London.
3. He twice served as the president of INC.

1. Statement (i) and (ii) are true.
2. Statement (ii) and (iii) are true.
3. Statement (i) and (iii) are true.
4. All are true.

Answer 1

Correct Answer - Option 1 : Statement (i) and (ii) are true.

The correct answer is Statement (i) and (ii) are true.

• Dadabhai Naoroji - “The Grand Old Man of India”
  • First Asian to be a member of the British parliament.
  • Dadabhai Naoroji founded the East Indian Association in London to propagate the cause of India. Hence Statement (ii) is correct. 
  • Founder of, Indian national congress, along with A.O. Hume.
  • "Poverty and un-British rule in India" book was written by him. 
  • The drain of wealth theory is explained in this book. Hence Statement (i) is correct. 
  • According to this theory around one-fourth of India’s revenues went out of the country and added to the resources of England.
  • In1886, 1893 and 1906, he thrice became the President of INC. Hence Statement (iii) is incorrect. 
• Indian National Congress (INC):
  • Founded on 28 Dec1885.
  • Founding members of INC were Allan Octavian Hume, W. C. Bonnerjee, Surendranath Banerjee Monomohun Ghose, Lalmohan Ghosh, Badruddin Tyabji, M. G. Ranade, Dadabhai Naoroji, Dinshaw Wacha, Pherozeshah Mehta.
  • Lord Dufferin was the governor-general of India during the formation of INC.