UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Foreign Trade and Investment in India

  • question_answer
          What was the main reason of introducing trade reforms in 1991?
    I. Make exports competitive
    II. Unshackle foreign trade from the clutches of a control regime
    III. Allow import of most goods using only tariff as a restraint

    A) I & II                            

    B) Only II

    C) Only III           

    D) All the above

    Correct Answer: D

    Solution :

    The major thrust was to make exports competitive, unshackle foreign trade from the clutches of a control regime and allow import of most goods using only tariff as a restraint.


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