Question

In the pre-reforms period (i.e. before 1991), there were restrictions with respect to ______________.

• A. Foreign Equity Participation in Indian Industries
• B. Import of Foreign Technology
• C. (a) but not (b)
• D. Both (a) and (b)

Answer 1

The correct option is D Both (a) and (b)

In the pre-reforms period (i.e. before 1991), there were restrictions with respect to:a) Foreign Equity Participation in Indian Industries b) Import of Foreign TechnologyPre reform period involved a lot of government intervention into International trade where import was banned on most of the things through quota and licenses so that the foreign parties does not dominate domestic market and enterprises.