Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Trade Policy Reforms Aims
The trade policy reforms aimed at all of the following EXCEPT:
- Dismantling of quantitative restrictions
- Reduction of tariff rates
- Removal of licensing procedures for imports
- Increasing government control over exports — Correct Answer
Explanation:
Correct Answer Explanation
Trade policy reforms aimed at: (i) Dismantling quantitative restrictions, (ii) Reduction of tariff rates, (iii) Removal of licensing procedures for imports. Increasing government control was NOT an aim.
Key Points:
- Import licensing abolished except for hazardous and environmentally sensitive industries.
- Quantitative restrictions on manufactured consumer goods and agricultural products fully removed from April 2001.
- Export duties removed to increase India's competitiveness.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
