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
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.
Question : Which function of marketing is highlighted in the given statement? Statement: It fills this place by carrying good from place of production to place of consumption.
Question : It fills the gap by carrying goods from place of production to place of consumption. Which function of marketing is highlighted in the given statement?
Question : Which function of marketing is highlighted in the given statement? Statement: The need for it rises because there is a time gap between production and consumption of goods.
Question : Which feature of marketing is highlighted in the given statement? Statement: It aims to identify unsatisfied needs of the target customers and developed production services that satisfy such needs.
Question : What is the significance of the iron and steel industry?
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile