Question
The term ‘protectionist policy’ in the industrial sector in pre-1990 India refers to __________.
The correct answer is
Protecting domestic companies from the competition of foreign companies
Before 1990, India followed a protectionist policy to shield domestic industries from foreign competition through high tariffs and import restrictions.
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Important Questions from Industrial Sector
Unemployment arising due to mismatch between Job availability in the market and skills of available worker is called?
In India, which of the following is NOT an objective of the National Manufacturing Policy?
Which of the following is NOT an aid or auxiliary to trade?
Who released a special stamp entitled ‘Wheat Revolution’ in July 1968?
Effect of The Industrial Policy, 1956 on industries was .
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