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When did the Indian National Congress accept the theory of Drain of Wealths?
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- In 1896
- In 1902
- In 1906
- In 1935
Correct Option: A
In 1867, Dadabhai Naoroji put forward the famous 'Drain Theory'. In 1896, in its annual session held at Calcutta, the Indian National Congress adopted the Drain Theory by proclaiming that the famines in the country and poverty of the people had been brought on by the drain of wealth from the country.