With reference to the period of colonial rule in India, “Home Charges” formed an important part of drain of wealth from India. Which of the following funds constituted “Home Charges”?

1. Funds useed to support the India Office in London.
2. Funds used to pay salaries nad pension of British personnel.
3. Funds used for waging wars outside India by the British.

Select the Correct answer using the codes given below:

In British India, apart from existing imports and exports, there was also a particular amount of money which colonial India contributed towards administration, maintenance of the army, war expenses, pensions to retired officers and other expenses accrued by Britain towards maintenance of her colony. These were known as "Home charges" and were paid for almost entirely by India. The Home charges was made of three components: Interest payable on Indian debt Interest on the railways Civil and military charges