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”?

Funds used to support the Indian office in London.

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

Funds used for waging wars outside India by the British.

Select the correct answer from the codes given below:

Question

Home charges constitute:

Dividend to the shareholders of the East India Company.
Interest on Public Debt rose abroad.
Civil and Military charges-These included payments towards pensions and furloughs of British officers in the civil and military de partments in India, Expenses on Indian Office establishment in London, payments to the British war office, etc. All these charges were solely due to India's subjection to foreign rule.
Store purchases in England.

GKToday Admin · Accepted Answer

1, 2, and 3 Home charges constitute:

Dividend to the shareholders of the East India Company.
Interest on Public Debt rose abroad.
Civil and Military charges-These included payments towards pensions and furloughs of British officers in the civil and military de partments in India, Expenses on Indian Office establishment in London, payments to the British war office, etc. All these charges were solely due to India's subjection to foreign rule.
Store purchases in England.

Current Affairs