SSC
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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To protect goods produced in India from imports, government made use of:
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Quotas
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Tariffs
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Export promotion
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All of these
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Explanation:
Detailed explanation-1: -To Protect goods produced in india from imports, Government made use of : Quotas.
Detailed explanation-2: -Under an import substitution policy, a government uses trade tariffs as a policy instrument to encourage domestic industry, the idea being to substitute imports with domestic goods.
Detailed explanation-3: -Under section 3 and 5 of the Foreign Trade (Development and Regulation) Act, 1992, the Central Government can make provisions for prohibiting, restricting or otherwise regulating the import of export of the goods.
There is 1 question to complete.