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
 

Question : It refers to a policy of replacement or substitution of imports by domestic production.
 

Option 1: Industrial policy
 

Option 2: Industrial licensing
 

Option 3: Foreign trade policy
 

Option 4: Import substitution
 

Question : When price of a foreign currency falls ______from that foreign country becomes cheaper and ________ increases.
 

Option 1: Imports, imports
 

Option 2: Exports, exports
 

Option 3: Imports, exports
 

Option 4: Exports, Imports
 

Question : The foreign trade effect suggests that an increase in the price level:

Option 1: Increases imports and decreases exports
 

Option 2: Decreases imports and increases exports
 

Option 3: Increases both imports and exports

Option 4: Decreases both imports and exports

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 3: Both A and B
 

Option 4: Neither A nor B.