Question : How did the rise of new economic interests during the era of planned development impact India's trade policies?
Option 1: It led to increased protectionism.
Option 2: It promoted liberalization of trade.
Option 3: It resulted in a focus on import substitution.
Option 4: It encouraged bilateral trade agreements.
Correct Answer: It promoted liberalization of trade.
Solution : The rise of new economic interests during the era of planned development promoted the liberalization of trade, leading to a gradual opening of the Indian economy to global markets and reduced trade barriers.
Related Questions
Question :
| 1 |
Early identification of opportunities helps an |
A | Business environment helps to identify threats and serve as a warning signal |
| 2 | Business depends on the environment as a source of inputs and as an outlet for output | B | Understanding and examining the environment helps to cope with the significant changes |
| 3 | Turbulent market condition, less brand loyalty, more demanding customers describe today's business environment | C | First mover advantage |
| 4 | In a strategic move towards countering the new entrants in the mid segment, Maruti Udyog increased the production three fold. | D | Business needs to design policies that allow to get the resources it needs |
Option 1: 1- D, 2-C, 3-B, 4-A
Option 2: 1-B, 2-C, 3-A, 4-D
Option 3: 1-C, 2-D, 3-B, 4-A
Option 4: 1-A, 2-B, 3-C, 4-D
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