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

All of the above

Correct Answer:

Quantitative restrictions on imports

Explanation:

The correct answer is option 2: Quantitative restrictions on imports

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.