Economics · Economic Reforms
Read the following statements about Trade Policy Reform in India and choose the correct option: Statement I: Trade policy reform involved removing quantitative restrictions on imports and exports. Statement II: Trade policy reform increased import licensing to support domestic manufacturers.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both statements I and II are correct
- 2Both statements I and II are incorrect
- 3Only Statement II is correct
- 4Only Statement I is correct✓
Correct answer
Only Statement I is correct
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