Question : Which of the following are part of trade and investment policy reforms?
Option 1: Removal of export duties
Option 2: Reduction of import duties
Option 3: Both A and B
Option 4: Neither A nor B
Correct Answer: Both A and B
Solution : The following are part of trade and investment policy reforms
Hence Option C is correct.
Option 1: Removal of quantitative restrictions on exports and imports.
Option 2: Relaxation in import licensing system.
Question : Depreciation of a country's currency can have a positive impact on its:
Option 1: Export-oriented industries.
Option 2: Import-dependent industries.
Option 3: Both export-oriented and import-dependent industries.
Option 4: Neither export-oriented nor import-dependent industries.
Question : The policy of import substitution serve which of the following objective?
Option 1: Savings of precious foreign exchange
Option 2: Achieving self-reliance
Option 4: Neither A nor B.
Question : Which of the following are part of foreign exchange reforms?
Option 1: Devaluation of Rupee
Option 2: Market determination of exchange rate
Question : Which of the following is not the economic reforms taken by the government under liberalisation?
Option 1: Foreign exchange reforms
Option 2: Land reforms
Option 3: Trade and Investment policy reforms
Option 4: All of the above are taken by government.
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