CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following enabled the USA to implement the ship to mouth arrangement?

A
Public Law 380
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Public Law 480
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Maritime Law 380
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Maritime Law 480
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B Public Law 480
In the early 1960s, India was not able to buy goods from foreign countries due to low foreign exchange reserves. The USA helped India with a ship to mouth arrangement. It means that the products are imported by sea and delivered directly to the consumers. The USA implemented this in India through its Public Law 480.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Tax System in India
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon