Start learning →

The inward-looking trade strategy of the first seven plans is technically called:

ATrade liberalisation
BImport substitution
CExport promotion
DFree trade policy
Answer & Solution
Correct answer: B. Import substitution
1. It replaced imports with domestic production. 2. The strategy is import substitution. 3. Tariffs and quotas gave protection. _Source: syllabus Indian Economic Development, Chapter 2, Indian Economy 1950-1990._
Practise this question with Quill — UPSC CSE →

Keep practising Indian Economy

Browse all Indian Economy questions for UPSC CSE, or explore more Economics topics.

Start a Indian Economy lesson →
Related questions
Consumer rights bingoType the numberSort laws, courts and marksRight or markSlice the consumer wordsRun the consumer timelinePop the quality marksCatch the consumer rights