Import licensing was not abolished in case of _____.

hazardous industries

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environmentally sensitive industries

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both A and B

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none of the above

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Solution

The correct option is B both A and B
The trade policy reforms aimed at removal of licensing procedures for imports. Import licensing was abolished except in case of hazardous and environmentally sensitive industries. Quantitative restrictions on imports of manufactured consumer goods and agricultural products were also fully removed from April 2001.

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Consider the following statements about IPR regime:

Which of the above statements is/are incorrect

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