The famous “Economic Drain Theory” was given by
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Lord Lytton (1876)
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Swami Dayanand (1875)
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Dadabhai Naoroji (1876)
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Lord Northbrook (1876)
C
Correct answer
Explanation
Dadabhai Naoroji formulated the Drain Theory in his 1876 work "Poverty and Un-British Rule in India." He demonstrated how Britain was systematically draining India's wealth through unfair trade policies, excessive taxation, and financial arrangements that transferred resources to the colonial power.