DMPQ- “ Home charges” is one of the main component of drain of wealth. Explain the term Home charge.

Expenditure carried out by company up to 1858 and by British government after 1858 in London on behalf of India. Home charges include –

 Dividend paid to shareholders by company.

 Interest paid by company on the loans raised in London.

 Salary and pensions of officials working in London.

 Pension of officials worked in India but had retired to London.

 Cost of civil and military purchases from London

As a result of home charges fund was not available for India and part of National Income drained out. No capital investment, deindustrialisation, Impoverishment of India was the major outcome of increasing home charges.

RAS-RTS FREE Notes brings Prelims and Mains programs for RAS-RTS FREE Prelims and RAS-RTS FREE Mains Exam preparation. Various Programs initiated by RAS-RTS FREE Notes are as follows:- For any doubt, Just leave us a Chat or Fill us a querry––

Android App for RAS Prelims and Mains 

-Rajasthan GK (History, Geography, Economy and Polity)
-RAS Prelims Notes
-RAS Current Affairs
-Daily Mains Practice Questions (DMPQ)
-Daily Prelims Practice Questions (DPPQ)
-Mains Topic wise Notes for All RAS GS Papers

Install Now on

Never Miss any RAS Updates