Indian government had put barriers to foreign trade and foreign investment known as _____________.

trade restrictions

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trade barriers

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trade transactions

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trade deficit

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Solution

The correct option is B trade barriers

After Independence, the Indian government had put barriers to foreign trade and foreign investment termed as 'trade barriers'. This was considered necessary to protect the producers within the country from foreign competition.

Suggest Corrections

Similar questions

Which of the following is a ‘barrier’ on foreign trade?

Q3. Consider the following statements about Trade War:

1. A trade war happens when one country puts up a trade barrier, like strict tariffs.

2. It is done to protect its economy from foreign competition.

Which of the statements are correct?

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