Question : How did the rise of new economic interests during the era of planned development impact India's trade policies?
Option 1: It led to increased protectionism.
Option 2: It promoted liberalization of trade.
Option 3: It resulted in a focus on import substitution.
Option 4: It encouraged bilateral trade agreements.
Answer (1)
16th Jan, 2024
Correct Answer: It promoted liberalization of trade.
Solution : The rise of new economic interests during the era of planned development promoted the liberalization of trade, leading to a gradual opening of the Indian economy to global markets and reduced trade barriers.
Comments (0)
Related Questions
Trending Articles/News
