Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Import Licensing Post-Reform
After reforms, import licensing was abolished except for:
- All manufactured goods
- Hazardous and environmentally sensitive industries — Correct Answer
- Agricultural products only
- Electronics and IT goods
Explanation:
Correct Answer Explanation
Import licensing was abolished except in case of hazardous and environmentally sensitive industries.
Key Points:
- Part of trade policy reforms.
- Quantitative restrictions on manufactured consumer goods and agricultural products fully removed from April 2001.
📚 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.
