Teaching MPPSC Assistant Professor Mock Test Series 2025 General Knowledge Economy Industrial Sector
With reference to the Trade and Investment Policy Reforms of 1991, consider the following statements:
1. Import licensing was abolished except in the case of hazardous and environmentally sensitive industries.
2. Export duties have been imposed to protect domestic industries.
3. Quantitative restrictions on imports of manufactured consumer goods and agricultural products were fully removed.
4. The tariff rates on imports were reduced.
Which of the statements given above is/are correct?
1
1 and 2 only
2
1 and 4 only
3
2 and 4 only
4
1, 2, 3 and 4