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Question Practice

Why was 'import substitution' promoted in the industrial sector during the 1950s and 60s?

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MCQ_SA
CBSE
Class 11
Economics
Indian Economic Development
INDIAN ECONOMY 1950-1990
Question Bank

Why was 'import substitution' ...

Single Answer MCQ
Q-00061861

Why was 'import substitution' promoted in the industrial sector during the 1950s and 60s?

1

To enhance foreign market access

2

To protect domestic industries from foreign competition

3

To increase dependency on imports

4

To promote exports

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