Daily Current Affairs Quiz: February 06, 2026

Statement 1 is correct: Dadabhai Naoroji developed the Drain of Wealth Theory in Poverty and Un-British Rule in India, showing how British policies systematically transferred India’s surplus to Britain, causing widespread poverty.

Statement 2 is correct: G. Subramania Iyer, in Some Economic Aspects of British Rule in India, argued that India’s economic stagnation was not pre-colonial but a direct result of exploitative British fiscal and trade policies.

Statement 3 is correct: Romesh Chunder Dutt analyzed land revenue systems and agrarian distress in The Economic History of India in the Victorian Age, providing empirical criticism of colonial economic administration.

Statement 1 is correct: Under the Ryotwari Settlement, land revenue was collected directly from individual cultivators (ryots) by the colonial government, removing intermediaries such as zamindars.

Statement 2 is correct: Ryots were granted pattas (title deeds), which legally recognized their occupancy and cultivation rights, subject to regular payment of assessed land revenue.

Statement 1 is correct: “Home Charges” included expenditure for maintaining the India Office in London, covering administrative costs incurred in Britain but paid out of Indian revenues.

Statement 2 is correct: They also comprised salaries, pensions, and allowances of British civil and military officials serving in India, remitted to Britain and identified by Dadabhai Naoroji as part of the Drain of Wealth.

The methods of Swadeshi and Boycott were first systematically adopted in 1905 during the agitation against the Partition of Bengal. This marked the beginning of organised economic nationalism, encouraging indigenous goods and rejecting British products.

The split at Surat in 1907 occurred because the Extremists lost confidence in the Moderates’ constitutional methods—petitions, prayers, and negotiations—which they felt had failed to secure meaningful concessions from the British. This ideological clash within the Indian National Congress led to an open rupture.