Civil Services UPSC EPFO (APFC) Mock Test 2023 General Knowledge Economy External Sector and Currency Exchange rate
With reference to the trade policy adopted by India after Independence which of the following statement is correct?
1
The policy was called outward-looking policy substituting or replacing imports with domestic production.
2
The policy was based on which country seeks economic development by opening itself up to international trade.
3
The policy was based on substituting or replacing imports with domestic production which is often called an inward-looking strategy.
4
The policy was a mix of both the inward and the outward-looking strategy.