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Consider the following statements:
  1. The early nationalists introduced the "drain theory" to articulate how wealth was being extracted from India to Britain.
  2. The Indian Councils Act of 1892 significantly increased the powers of legislative councils in India, especially in financial matters.
How many of the statements given above are correct?
  • a)
    Only 1
  • b)
    Only 2
  • c)
    Both 1 and 2
  • d)
    None
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements: The early nationalists introduced t...
Explanation:

Statement 1: The early nationalists did introduce the "drain theory" to explain how wealth was being extracted from India to Britain. This theory highlighted the economic exploitation by the British colonial rulers and gained popularity among Indian nationalists during the late 19th and early 20th centuries. Therefore, this statement is correct.

Statement 2: The Indian Councils Act of 1892 did not significantly increase the powers of legislative councils in India, especially in financial matters. It was a relatively minor piece of legislation that made limited changes to the composition and functioning of the legislative councils. The real increase in powers came with subsequent acts like the Indian Councils Act of 1909 and the Government of India Act of 1919. Therefore, this statement is incorrect.
Therefore, only statement 1 is correct, and the correct answer is option 'A' (Only 1).
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Consider the following statements: The early nationalists introduced the "drain theory" to articulate how wealth was being extracted from India to Britain. The Indian Councils Act of 1892 significantly increased the powers of legislative councils in India, especially in financial matters.How many of the statements given above are correct?a)Only 1b)Only 2c)Both 1 and 2d)NoneCorrect answer is option 'A'. Can you explain this answer?
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