Question

Giving excess protection to domestic markets, which have high entry barriers for foreign firms, over valuation of exchange indicates the adoption of _________ by the country?

• A. Inward oriented strategy
• B. Inflation control
• C. Liberalization
• D. Outwards oriented strategy
• E. Export promotion strategy

Answer 1

The correct option is A Inward oriented strategy

The strategy adopted by the developing countries to strengthen the domestic industries by an providing lot of protection to domestic industry in the form of heavy tarrifs/ restrictions on imports is called the inward oriented strategy.