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Practice Questions
Test your understanding with targeted questions related to the topic.
Question 1
Easy
What does import substitution aim to achieve?
💡 Hint: Think about domestic vs foreign production.
Question 2
Easy
Name one method of protection used in trade policy.
💡 Hint: What is a tax on imports?
Practice 4 more questions and get performance evaluation
Interactive Quizzes
Engage in quick quizzes to reinforce what you've learned and check your comprehension.
Question 1
What is the primary goal of import substitution?
- To increase imports
- To replace foreign goods with domestic goods
- To promote exports
💡 Hint: Think about domestic production focus.
Question 2
True or False: Import substitution can lead to improved competition and product quality.
- True
- False
💡 Hint: Consider the lack of competitive pressure on local producers.
Solve 1 more question and get performance evaluation
Challenge Problems
Push your limits with challenges.
Question 1
Evaluate the impact of India’s trade policies on global trade relationships in the late 20th century.
💡 Hint: Consider how isolation affects diplomacy and trade agreements.
Question 2
Propose a balanced approach for India that encourages domestic production while fostering international trade.
💡 Hint: Think about combining protection with an export push.
Challenge and get performance evaluation