CBSE · Class 11 · Economics · Indian Economy 1950-1990Which policy measure was adopted to protect domestic industries from foreign competition during 1950-1990?
Step-by-Step Solution
Import substitution was adopted, where the government protected domestic industries through tariffs and quotas.
Detailed Options Breakdown
Option : Export promotion
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Indian Economy 1950-1990.
Option 1: Import substitution (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Free trade policy
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Indian Economy 1950-1990.
Option 3: Laissez-faire policy
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Indian Economy 1950-1990.
💡 Study Guide: This question tests core syllabus concepts from Indian Economy 1950-1990. For formulas, key summaries, and mock exam reference guides, read the full Indian Economy 1950-1990 Revision Notes.