Question

28. India tried to achieve Self Reliance through
(a) Adoption of Import Substitution policy
(b) Through imposition of tariff and non tariff barriers
(c) Both (a) and (b)
(d) Neither (a) nor (b)​

Answer 1

Answer:

adoption of lmport substitution policy

Answer 2

India tried to achieve Self Reliance through imposition of tariff and non tariff barriers

Explanation:

Adoption of Import Substitution policy:

• Post-independence India implemented an import substitution policy by setting high import taxes. Import substitution is a technique for increasing domestic production and protecting domestic products from international competition.

Import substitution was used by the following countries:

• From the 1930s to the 1960s, import substitution industrialization (ISI) was mostly conducted in Latin America—particularly in Brazil, Argentina, and Mexico—as well as in other parts of Asia and Africa.

Through imposition of tariff and non tariff barriers:

• Tariffs (i.e., import and export tariffs) and non-tariff obstacles (i.e., import quotas, dumping, international cartels, and export subsidies) are imposed by all governments on the free flow of international trade.