UPSC Exam > UPSC Questions > After 1833, the single biggest source of drai...
Start Learning for Free
After 1833, the single biggest source of drain of Indian wealth to Britain was
- a)British capital investment in India
- b)Import of mill-made textiles and woollens
- c)Export of opium and indigo
- d)None of the above
Correct answer is option 'A'. Can you explain this answer?
Most Upvoted Answer
After 1833, the single biggest source of drain of Indian wealth to Bri...
Explanation:
Source of Drain of Indian Wealth:
After 1833, the single biggest source of drain of Indian wealth to Britain was British capital investment in India.
Reasons:
1. Transfer of Capital: The British invested capital in India, which was then transferred back to Britain in the form of dividends, profits, and salaries.
2. Interest Payments: India had to pay interest on the capital borrowed from Britain. This reduced the amount of money available for investment in India.
3. Unequal Trade: India was forced to import goods from Britain, while its own goods were not given free access to the British market.
4. Tariff Policy: The British imposed heavy tariffs on Indian goods, making them uncompetitive in the British market.
5. Deindustrialization: The British policies led to the deindustrialization of India. Indian industries were destroyed and replaced by British industries.
6. Land Revenue System: The British introduced a land revenue system that was exploitative in nature. The peasants were forced to pay high taxes, which reduced their income and savings.
Conclusion:
Thus, British capital investment in India was the single biggest source of drain of Indian wealth to Britain after 1833. This led to the impoverishment of India and the growth of British wealth.
Source of Drain of Indian Wealth:
After 1833, the single biggest source of drain of Indian wealth to Britain was British capital investment in India.
Reasons:
1. Transfer of Capital: The British invested capital in India, which was then transferred back to Britain in the form of dividends, profits, and salaries.
2. Interest Payments: India had to pay interest on the capital borrowed from Britain. This reduced the amount of money available for investment in India.
3. Unequal Trade: India was forced to import goods from Britain, while its own goods were not given free access to the British market.
4. Tariff Policy: The British imposed heavy tariffs on Indian goods, making them uncompetitive in the British market.
5. Deindustrialization: The British policies led to the deindustrialization of India. Indian industries were destroyed and replaced by British industries.
6. Land Revenue System: The British introduced a land revenue system that was exploitative in nature. The peasants were forced to pay high taxes, which reduced their income and savings.
Conclusion:
Thus, British capital investment in India was the single biggest source of drain of Indian wealth to Britain after 1833. This led to the impoverishment of India and the growth of British wealth.
Free Test
FREE
| Start Free Test |
Community Answer
After 1833, the single biggest source of drain of Indian wealth to Bri...
Because after 1833 the regulations were in hands of British with authority to impart large part of their money in infrastructure to gain much profit. From india. They started various reforms in infrastructure to get easier resources for their sustainable development of their own country. (u. K)
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
After 1833, the single biggest source of drain of Indian wealth to Britain wasa)British capital investment in Indiab)Import of mill-made textiles and woollensc)Export of opium and indigod)None of the aboveCorrect answer is option 'A'. Can you explain this answer?
Question Description
After 1833, the single biggest source of drain of Indian wealth to Britain wasa)British capital investment in Indiab)Import of mill-made textiles and woollensc)Export of opium and indigod)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about After 1833, the single biggest source of drain of Indian wealth to Britain wasa)British capital investment in Indiab)Import of mill-made textiles and woollensc)Export of opium and indigod)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for After 1833, the single biggest source of drain of Indian wealth to Britain wasa)British capital investment in Indiab)Import of mill-made textiles and woollensc)Export of opium and indigod)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
After 1833, the single biggest source of drain of Indian wealth to Britain wasa)British capital investment in Indiab)Import of mill-made textiles and woollensc)Export of opium and indigod)None of the aboveCorrect answer is option 'A'. Can you explain this answer? for UPSC 2025 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about After 1833, the single biggest source of drain of Indian wealth to Britain wasa)British capital investment in Indiab)Import of mill-made textiles and woollensc)Export of opium and indigod)None of the aboveCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for After 1833, the single biggest source of drain of Indian wealth to Britain wasa)British capital investment in Indiab)Import of mill-made textiles and woollensc)Export of opium and indigod)None of the aboveCorrect answer is option 'A'. Can you explain this answer?.
Solutions for After 1833, the single biggest source of drain of Indian wealth to Britain wasa)British capital investment in Indiab)Import of mill-made textiles and woollensc)Export of opium and indigod)None of the aboveCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of After 1833, the single biggest source of drain of Indian wealth to Britain wasa)British capital investment in Indiab)Import of mill-made textiles and woollensc)Export of opium and indigod)None of the aboveCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
After 1833, the single biggest source of drain of Indian wealth to Britain wasa)British capital investment in Indiab)Import of mill-made textiles and woollensc)Export of opium and indigod)None of the aboveCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for After 1833, the single biggest source of drain of Indian wealth to Britain wasa)British capital investment in Indiab)Import of mill-made textiles and woollensc)Export of opium and indigod)None of the aboveCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of After 1833, the single biggest source of drain of Indian wealth to Britain wasa)British capital investment in Indiab)Import of mill-made textiles and woollensc)Export of opium and indigod)None of the aboveCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice After 1833, the single biggest source of drain of Indian wealth to Britain wasa)British capital investment in Indiab)Import of mill-made textiles and woollensc)Export of opium and indigod)None of the aboveCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up
within 7 days!
within 7 days!
Takes less than 10 seconds to signup