Practice Trade And Investment Policy Reforms (3.3.5) - LIBERALISATION, PRIVATISATION AND GLOBALISATION AN APPRAISAL
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Trade and Investment Policy Reforms

Practice - Trade and Investment Policy Reforms

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Learning

Practice Questions

Test your understanding with targeted questions

Question 1 Easy

What does liberalization mean in the context of trade?

💡 Hint: Think about what it means to make things easier for businesses.

Question 2 Easy

What were quantitative restrictions?

💡 Hint: Remember, it's about quantities!

4 more questions available

Interactive Quizzes

Quick quizzes to reinforce your learning

Question 1

What is the primary goal of trade and investment policy reforms?

To reduce prices
To increase global competitiveness
To control inflation

💡 Hint: Focus on what these reforms were trying to achieve on a global scale.

Question 2

True or False: Tariff reductions make imported goods cheaper.

True
False

💡 Hint: Think about the relationship between tariffs and pricing.

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Challenge Problems

Push your limits with advanced challenges

Challenge 1 Hard

Discuss the potential drawbacks of reducing tariffs on domestic industries.

💡 Hint: Consider both sides when evaluating competitive impacts.

Challenge 2 Hard

Evaluate how FDI can impact economic growth in India.

💡 Hint: Think about both immediate benefits and long-term impacts.

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Reference links

Supplementary resources to enhance your learning experience.