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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.


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 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.

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