Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:
Which sector saw the removal of licensing procedures for imports as part of trade policy reforms?
Options:
Agricultural sector
Service sector
Manufacturing sector
Financial sector
Correct Answer:
Manufacturing sector
Explanation:
As part of trade policy reforms, the licensing procedures for imports were removed in the manufacturing sector. This move aimed to facilitate the entry of imported goods into the Indian market and promote a more open and competitive trading environment.