Topics: CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books

Quantitative Restrictions Removal Date

Question

Quantitative restrictions on imports of manufactured consumer goods and agricultural products were fully removed from:

Select an answer

Quantitative restrictions on imports of manufactured consumer goods and agricultural products were fully removed from:

  1. April 1991
  2. April 1996
  3. April 2001 — Correct Answer
  4. April 2005
Explanation:
Correct Answer Explanation

Quantitative restrictions were fully removed from April 2001.

Key Points:
  • Import licensing was abolished except for hazardous and environmentally sensitive industries.
  • Export duties were removed to increase competitive position of Indian goods.

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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.

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