Answer : A
Explanation
In 1867, Dadabhai Naoroji put forward the 'drain of wealth' theory also known as Drain Theory.
In 1867, Dadabhai Naoroji put forward the 'drain of wealth' theory also known as Drain Theory.
The act was proposed by Lord Lytton, then Viceroy of India, and was unanimously passed by the Viceroy's Council on 14 March 1878.
The Permanent Settlement of Bengal was brought into effect by the East India Company headed by the Governor-General Lord Cornwallis in 1793.