Trade policy reforms after 1991 included

adding quotas on imports and raising tariffsCorrect answerYour answerbanning the import of all consumer goods from abroadCorrect answerYour answerremoving quotas on imports and cutting tariffsCorrect answerYour answerbringing back import licences for all goodsCorrect answerYour answer

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CorrectNot quiteAnswer C

Correct answer: C

Quotas were dismantled, tariff rates cut and import licensing removed except for hazardous and environmentally sensitive goods.
Export duties were also removed, to make Indian goods competitive abroad.

Concept: Trade reforms
Typical timeTypical: 70 s
Your timeYours: —

The rule this testsLiberalisation

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Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

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Ten questions from Economic Reforms since 1991 (LPG), at your own pace.

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Trade policy reforms after 1991 included

Explanation