Civil Services UPSC CAPF (Assistant Commandants) Test Series 2025 General Knowledge Economy Initiatives by Government
Which of the following statements regarding 'import substitution' is not correct?
1
This policy aims at putting emphasis on domestic production.
2
It indicates a protectionist economic policy.
3
High tariffs and quotas are common in the countries where import substitution is practised.
4
It is used by the most developed nations.