With reference to the period of colonial rule in India ldquo Home Charges rdquo formed an important ...........

Modern Indian History 1885-1905

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 used to support the India Office in London.

2. Funds used to pay salaries and pensions of British personnel engaged in India.

3. Funds used for waging wars outside India by the British.

Select the correct answer using the codes given below

1 only

2 and 3

1 and 3

1 and 2

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Explanation:

Wars outside India were not funded from Home Charges.

Home charges refer to the interest on public debt raised in England at comparatively higher rates; expenditure incurred in England by the Secretary of State on behalf of India; Annuities on account of railway and irrigation works; Indian office expences including pensions to retired officials who had worked in India or England, pensions to army and navals etc.
Remittances to England by Europeans to their families.
Remittances for purchase of British Goods for consumption of British Employees as well as purchases by them of British Goods in India.
Interest charges on public debt held in Britain.