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Question
______ was the objective of Import Substitution policy in India.
Options
Production of high quality products
Protection of domestic industries from foreign competition
Promote imports
Promote privatisation
MCQ
Fill in the Blanks
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Solution
Protection of domestic industries from foreign competition was the objective of Import Substitution policy in India.
Explanation:
The government's goal of import substitution is to reduce imports while also supporting domestic industries.
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