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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
 


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 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.

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