Modern Indian History
As per the distribution of financial resources under the Government of India Act of 1935, which among the following taxes are levied by the Union but collected and appropriated by the States?1. Stamp duties on Bills of exchange2. Insurance policies3. Transfer of sharesChoose the correct option from the codes given below:

1 & 3
1 & 2
1, 2 & 3
2 only

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Modern Indian History
Which of the following statement relates the Dadabhai Naoroji's definition of 'Drain of Wealth'?

That the British industrialists were being given an opportunity to invest in India under the protection of the imperial power
Those resources of the country were being utilized in the interest of Britain
That the British goods were being imported into the country making it poorer day by day
That a part of India's national wealth or total annual product was being exported to Britain for which India got no material return

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Modern Indian History
In 1934 Mahatma Gandhi withdrew from active politics and even resigned his membership of the Congress because

the political climate of India was unsuitable for any political movement
of his opposition to the desire of congressmen to enter legislatures under the Government of India Act of 1935
of the failure of the Civil Disobedience Movement
he wanted to devote himself fully to constructive programme and Harijan welfare

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