2. Questions Bank
  3. 12th Class
  4. Economics
  5. Foreign Trade

12th Class Economics Foreign Trade Question Bank MCQs - India's Foreign Trade (1947-1990)

  • question_answer
    From the following statements given in Column I and Column II, choose the correct pair of statements:
    Column I Column II
    A. MRTP Act 1. to encourage liberalisation
    B. FERA 2. to encourage globalisation.
    C. Delicensing 3. abolished to aid privatisation
    D. IGST 4. to enable competition with domestic goods

    A) A - 1, B - 2, C - 3, D - 4

    B) A - 2, B - 3, C - 4, D - 1

    C) A - 3, B - 1, C - 2, D - 4

    D) A - 4, B - 3, C - 1, D - 2

    Correct Answer: A

    Solution :

    [a] A - 1, B - 2, C - 3, D - 4


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