From the free UGC NET History Mock Test 8 — Unit 8: Colonial Economy unit-wise mock test — real question, real answer, real explanation.
The Mahalwari Settlement was devised for the North-Western Provinces and Punjab primarily through the framework formulated by:
Holt Mackenzie and Robert Merttins Bird ✓
Thomas Munro
Lord Cornwallis
Charles Metcalfe
Holt Mackenzie and Robert Merttins Bird formulated the Mahalwari system's core framework for the North-Western Provinces — a third distinct revenue model, settling with the village/Mahal collectively rather than either Zamindars (Bengal) or individual Ryots (Madras/Bombay).
What was the central feature of the Mahalwari System?
Revenue settlement was negotiated jointly with the village community (Mahal) or body of co-sharers ✓
Direct individual contract with the peasant cultivator (Ryot)
Permanent tax fixing with hereditary revenue farmers
Complete tax exemption for grain lands
The Mahalwari system settled revenue with the village community or Mahal (estate) as a collective unit of joint co-sharers, distinguishing it from both the landlord-based Permanent Settlement and the individual-cultivator-based Ryotwari system — the three together cover roughly the full range of British Indian revenue arrangements.
The theory of 'Drain of Wealth' from India to Great Britain was first systematically formulated by:
Dadabhai Naoroji ✓
Romesh Chunder Dutt
M.G. Ranade
Dinshaw Wacha
Dadabhai Naoroji first systematically formulated the "Drain of Wealth" theory, arguing that a substantial share of India's wealth was being extracted to Britain without adequate economic return — a foundational analytical framework for early Indian economic nationalism, later extended by R.C. Dutt.
Dadabhai Naoroji presented his Drain of Wealth paper titled English Debt to India before which organization in London in 1867?
East India Association ✓
Royal Asiatic Society
National Indian Association
British India Society
Naoroji presented his "England's Debt to India" paper before the East India Association in London in 1867, an organization he himself helped found — part of his lifelong strategy of taking India's economic grievances directly to British institutional and public audiences.
What were the 'Home Charges' paid by British India to Britain out of Indian revenues?
Dividends to EIC stockholders, interest on Indian public debt, pensions and annuities of civil/military personnel, and India Office maintenance expenses ✓
Import duties levied on Indian cotton in London
Personal allowances paid to Indian princes
Shipping freight charges exclusively
"Home Charges" bundled together several categories of payment India made to Britain — pensions, interest on debt, stores purchases, and India Office administrative costs — and were a central, concrete component of the "Drain of Wealth" nationalist critique of colonial fiscal policy.
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Itihaaskar — UGC NET/JRF & UPSC History Optional notes by Parveen Malik (B.Tech. (CSE), M.A. (History), History JRF). Also spelt Itihaskar.