Which of the following statements is correct about India's trade policy?
(A) After Independence, because of the colonial trade experience with the British, India decided to make things on its own rather than relying on others.
(B) In the immediate post Independence period, India decided to allow others to export to it so that its own producers could learn to make things.
(C) In the initial years, sectors like health, primary education and housing did not receive much attention.
(D) In 1991, the financial crisis paved the way for a programme of economic reforms that deregulated various sectors including trade and foreign investment.
Choose the correct answer from the options given below.
Answer & explanation
Correct answer: option 4
The correct answer is Option (4) → (A), (C) and (D) only
(A) After Independence, because of the colonial trade experience with the British, India decided to make things on its own rather than relying on others. (Correct)
(B) In the immediate post Independence period, India decided to allow others to export to it so that its own producers could learn to make things. (Incorrect). India decided not to allow others to export to us so that our own producers could learn to make things.
(C) In the initial years, sectors like health, primary education and housing did not receive much attention. (Correct)
(D) In 1991, the financial crisis paved the way for a programme of economic reforms that deregulated various sectors including trade and foreign investment. (Correct)