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Which of the following is an objective of import trade?

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Question

Which of the following is an objective of import trade?

Options

  • Increasing export reserves.

  • Limiting consumer choices.

  • Securing raw materials and capital goods for industries.

  • Reducing international relations.

MCQ
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Solution

Securing raw materials and capital goods for industries.

Explanation:

One main objective of import trade is to ensure a steady supply of essential raw materials and equipment for industrial use.

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