Indian Economic Development

Development Experience (1947-90)

Easy

Which of the following instrument of trade protection directly raises the price of the commodity in the domestic economy ?

Import substitution

Import tariff

Export subsidy

Import liberlisation

✅ Correct Option: 2

An Import Tariff is a tax imposed on imported goods. It directly raises the price of imported commodities in the domestic market, making them costlier than before and encouraging consumers to buy domestic substitutes. It is a key instrument of trade protection.

2023: 29 May Shift 2

Arrange the following in order of occurrance.

A. Green Revolution

B. Setting up of Planning Commission

C. Resolution which formed on the basis of second Five Year Plan

D. Exchange rate was made fully convertable for Current Accounts

E. Karve Committee

Choose the correct answer from the options given below:

2023: 28 May Shift 2

Which year is known as "Year of Great Divide" in the history of Indian demography ?

2022: 15 July Shift 2

The organization which is responsible for providing estimates on poverty in India is:

2022: 30 Aug Shift 2

During second half of 19th century, modern industry began to take roots in India. Initially development was confined to _______.

2026: 15 May Shift 1

Which year is termed as The Year of Great Divide in the history of Indian demography?

2023: 11 June Shift 3

Arrange the following events in their ascending order of occurrence :

(A) Setting up of Planning Commission

(B) The Indian leaders had to decide a suitable economic system for India

(D) Year of Indian Independence

(E) First Industrial Policy Resolution of India

Choose the correct answer from the options given below :

Which of the following instrument of trade protection directly raises the price of the commodity in the domestic economy ?

Solution

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