Consider the following statements: The most effective contribution made by Dadabhai Naoroji to the cause of the Indian National Movement was that he

The correct option is 1 only.

Explanation

Dadabhai Naoroji was a prominent early nationalist leader known for his economic critique of British rule in India.

• Statement 1: Correct.
  Dadabhai Naoroji is best known for exposing the economic exploitation of India by the British through the Drain of Wealth theory. He demonstrated how India’s resources were systematically transferred to Britain, leading to economic impoverishment.
• Statement 2: Incorrect.
  The interpretation of ancient Indian texts and restoration of cultural self-confidence were primarily associated with socio-religious reformers and revivalist leaders, not with Dadabhai Naoroji.
• Statement 3: Incorrect.
  The emphasis on eradication of social evils as a primary objective was characteristic of social reform movements. Dadabhai Naoroji focused mainly on economic and political issues related to colonial rule.

Key Takeaway: Dadabhai Naoroji’s most significant contribution was highlighting the economic drain caused by British rule, which laid the foundation for economic nationalism in India.