40. Who of the following was/were economic critic/critics of colonialism in India? (2015)

1. Dadabhai Naoroji 
2. G. Subramania Iyer 
3. R. C. Dutt

Select the correct answer using the code given below: 

(a) 1 only

 (b) 1 and 2 only 

(c) 2 and 3 only 

(d) 1, 2 and 3 

40. Answer: (d) 

Option (d) is correct: Dadabhai Naoroji, R. C. Dutt, Ranade, Gokhale, G. Subramania Iyer were among those who anchored Indian nationalism firmly on the foundation of anti-imperialism by carving the world’s first economic critique of colonialism before Hobson and Lenin. The drain theory was developed by Dadabhai Naoroji. According to R.C. Dutt, increased poverty and lower wages were among the indirect products of colonial rule. Elimination technique: All were freedom fighters and they all criticised foreign rule (who will not criticise). Hence even if we don’t know, there is a strong chance that all will be the answer.