Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

Which of the following industry was protected with the help of "Import substitution" policy followed by India in the first seven plans?

Options:

Agricultural industry

Domestic industry

Handicraft industry

All of the above

Correct Answer:

Domestic industry

Explanation:

Import substitution policies aimed at reducing the number of imports of the country to make it self-reliant. The policy targeted to protect the domestic industries from the foreign competition.