Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

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

Question:
After independence, India was following which regime to protect the domestic industries?
Options:
Qualitative restrictions on imports
Quantitative restrictions on imports
Quasi restrictions on imports
Bi-lateral restrictions on imports
Correct Answer:
Quantitative restrictions on imports
Explanation:
In order to protect domestic industries, India was following a regime of quantitative restrictions on imports. This was encouraged through tight control over imports and by keeping the tariffs very high.