Question

Why is tax on imports known as trade barrier? Why
did the Indian government impose barriers to foreign
trade and foreign investments after independence?
Give three reasons.

Answer 1

ACCORDING TO CBSE BOARD X 2020

1. TAX ON IMPORT ARE KNOWN AS TRADE BARRIERS BECAUSE IMPORTANT ARE A PART OF TRADE.

TRADE INCLUDES IMPORTANT AND EXPORT.

2. GOVT. IMPOSE BARRIES AFTER INDEPENDENCE BECAUSE THEY WANT THEIR PRODUCTION INCREASE.

3. THEY WANT TO PREPARE THEIR OWN INDUSTRIES FOR COMPETITION ON INTERNATIONAL MARKET.

MARK AS BRAINLIEST

Answer 2

Answer:

reasons for putting trade barrier in foreign trade and investment by the Indian government after independence are :

to protect local Producers and they got from my foreign competition industries in needed to protection so that they could they grow and develop in order to be ready to compete with developed countries later on it impossible restriction on the import of certain goods

reasons to remove the trade barriers are:

competition and improve quality of products product for investment to place order for production