Question : Which policy aimed to replace import-oriented development with export-oriented growth in India?
Option 1: Swadeshi movement
Option 2: Import substitution
Option 3: Export promotion
Option 4: Public-private partnership
Correct Answer: Export promotion
Solution : The correct answer is (c) Export promotion
The policy of export promotion aimed to replace import-oriented development with export-oriented growth in India. Import substitution was an earlier strategy that focused on developing domestic industries to replace imports and achieve self-sufficiency. However, recognizing the limitations of this approach, India shifted its focus towards export promotion to drive economic growth.
Export promotion policies involve creating a favorable environment for businesses to increase their exports. This includes providing incentives, reducing trade barriers, improving infrastructure, enhancing access to international markets, and promoting competitiveness. The objective is to encourage domestic industries to produce goods and services that can be sold in foreign markets, thereby earning foreign exchange and stimulating economic growth.
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Question : Which policy aimed to protect domestic industries from foreign competition in India?
Option 1: Import substitution
Option 2: Export promotion
Option 3: Public-private partnership
Option 4: Swadeshi movement
Question : Which policy aimed to dismantle the license raj and reduce government control in India?
Option 2: Swadeshi movement
Option 3: New Economic Policy
Option 4: Five-Year Plans
Question : The foreign trade policy of India during 1951-1991 primarily aimed at promoting which of the following?
Option 3: Protectionism
Option 4: Bilateral trade agreements
Question : The strategy of planned industrialization in India aimed to:
Option 1: Reduce the role of the private sector
Option 2: Promote balanced regional development
Option 3: Increase reliance on imported technology
Option 4: Focus exclusively on export-oriented industries
Question : Which movement was launched by Mahatma Gandhi in 1920 as part of the Indian National Movement?
Option 1: Swadeshi Movement
Option 2: Civil Disobedience Movement
Option 3: Non-Cooperation Movement
Option 4: Quit India Movement
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