Question : It refers to a policy of replacement or substitution of imports by domestic production.
Option 1: Industrial policy
Option 2: Industrial licensing
Option 3: Foreign trade policy
Option 4: Import substitution
Answer (1)
25th Jan, 2024
Correct Answer:
Import substitution
Solution :
Import substitution refers to a policy of replacement or substitution of imports by domestic production.
Hence Option D is correct.
Comments (0)
