Why had the Indian Government put barrier to foreign trade and foreign investment after independence ? -SST 10th

1 Answer

Answer :

The protect the producers within the country from foreign competition.

Related questions

Description : Why had the Indian Government put barrier to foreign trade and foreign investment after independence? State any one reason. -SST 10th

Last Answer : The Indian government, after Independence, had put barriers to foreign trade and foreign investment because this was considered necessary to protect the producers within the country from foreign competition.

Description : Why had the Indian Government put barriers to foreign trade and foreign investment after independence ? State any one reason. -SST 10th

Last Answer : Indian Government put barriers after independence because they wanted to avoid foreign competition for the domestic producers.

Description : Why had Indian government put barriers to foreign trade and foreign investment after independence ? Explain. -SST 10th

Last Answer : 1. The Indian government after independence had put barriers to foreign trade and investment in order to protect the domestic producers of goods and services from the foreign competition. 2 ... by the government for only certain essential items such as machinery, fertilizers, petroleum etc.

Description : Why had the Indian government put barriers to foreign trade and foreign investment after independence? -SST 10th

Last Answer : Reasons for putting trade barriers to foreign trade and investment by the Indian government after Independence are: (i) To protect local producers and goods from foreign competition. (ii) Industries ... of products. (ii) To attract foreign investments. (iii) To place orders for production.

Description : What is a trade barrier ? Why did the Indian Government put up trade barriers after Independence ? Explain. -SST 10th

Last Answer : Trade barrier refers to the tax put on import by the government to discourage imports. Indian government put trade barriers because: 1. Industries were just coming up in the 1950s and ... put to protect the domestic producers from such competition. Imports of only essential goods were encouraged.

Description : Why had the Indian government put barriers to foreign trade and foreign investments after independence? -SST 10th

Last Answer : Indian government has put barriers to foreign trade and foreign investments after independence because: . It wanted to protect the producer within the country from foreign competition. . As the ... . . Indian allowed imports of only essential items such as machinery fertilizers, petroleum, etc.

Description : Why had the Indian government put barriers to foreign trade and foreign investments after independence ? -SST 10th

Last Answer : 1. The Indian economy was instable and weak after the British left India, and it was important to allow the economy to develop and flourish itself in order to cope up with the high ... from producers and companies abroad were certainly not suitable to India's situation at the time of independence.

Description : Why did India put barriers on foreign trade and investment after independence? -SST 10th

Last Answer : Soon after independence India put barriers on foreign trade and independent to create a large industrial base which helped in increasing the industrial production. Policies were changed in 1991 ... (b) Reduce the problems like unemployment, poverty, inflation etc. and support industrialisation.

Description : what were the reasons for putting barriers to foreign trade and foreign investment by the Indian government ? -SST 10th

Last Answer : Government of India initiated slew of measures to put barrier on foreign trade and investment owing to following reasons: To safeguard the domestic producers from foreign competition. Ideological ... early 1990s, wherein India didn't have adequate foreign reserve to pay for the imports.

Description : The Indian government removed barriers on foreign trade and foreign investment to a large extent. What does this mean? -SST 10th

Last Answer : This means that goods could be imported and exported easily and also foreign companies could set up factories and offices here.

Description : 2. What was the reasons for putting barriers to foreign trade and foreign investment by the Indian government? Why did it wish to remove these barriers? -Economics 10th

Last Answer : The main reason for putting barriers to foreign trade and foreign investment by the Indian government was to protect the interest earned by producers and small industrialists of our country from ... and removing these barriers would increase trade and quality of products produced in the country.

Description : In which year did the government decide to remove barriers on foreign trade and investment in India ? -SST 10th

Last Answer : The government decided to remove barriers on foreign trade and investment and introduce a new series of economic reforms in India in the year 1991.

Description : In which year, the government started to remove barriers on foreign trade and foreign investment. -SST 10th

Last Answer : In 1991 ,the government started to remove barriers on foreign trade and foreign investment.

Description : Name an important barrier on foreign trade. -SST 10th

Last Answer : An important barrier to foreign trade is a tax on imports.

Description : Explain any three steps taken by the Indian Government to attract foreign investment. -SST 10th

Last Answer : In the recent years, the Indian Government has taken special steps to attract foreign companies to invest in India: (i) The government has set up industrial zones called special Economic Zones (SEZs). ... is intense pressure of work. This is done to reduce the cost of labour for the companies.

Description : Why are trade barriers imposed on the foreign trade and investment in a country? -SST 10th

Last Answer : Trade barriers are used by the governments - . To increase, decrease or regulate foreign trade. . To decide what kinds of goods and how much of each, should come into the country. . To protect the producers within the country from foreign competition.

Description : ‘Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991.’ -SST 10th

Last Answer : Removal of barriers on foreign trade and foreign investment: . Barriers on foreign trade and foreign investment were partially removed. . Goods could be improved and exported easily. . Foreign ... and offices here. . Opportunities for Indian producers to compete with producers around the globe.

Description : Barriers to foreign trade and foreign investment were removed to a large extent in India since 1991'. Justify the statement. -SST 10th

Last Answer : 1. The government decided to remove the barriers on foreign trade and foreign investment around 1991 as it was realized that the time had come for Indian producers to compete with producers around ... as they would have to improve their quality of service in comparison to the foreign competition.

Description : Which organization lays stress on liberalization of foreign trade and foreign investment ? -SST 10th

Last Answer : The World Trade Organisation (WTO) lays stress on liberalization of foreign trade and foreign investment.

Description : Which one of the following organizations lays stress on liberalization of foreign trade and foreign investment ? -SST 10th

Last Answer : (WTO) World Trade Organization

Description : How could you distinguish between ‘foreign trade’ and ‘foreign investment’ ? -SST 10th

Last Answer : Foreign trade is integration of markets in different countries. For example, export and import of goods and services from one country to another. But foreign investments are investments made by ... globe also creates better job opportunities and better income. So MNCs promote foreign trade also.

Description : Differentiate between foreign trade and foreign investment. -SST 10th

Last Answer : Differentiation between foreign trade and foreign investment are:

Description : Name the organization which lay emphasis on liberalisation of foreign trade and foreign investment in India. -SST 10th

Last Answer : World Trade Organization (WTO).

Description : Differentiate between Foreign Trade and Foreign Investment. -SST 10th

Last Answer : Foreign Trade: The process of buying and selling goods and services between two or more than two countries is known as Foreign Trade. Foreign Investment: Foreign investment involves capital flows from one country to another, granting extensive ownership stakes in domestic companies and assets.

Description : ‘‘Barriers on foreign trade and foreign investment were removed to a large extent in India since 1991.’’ -SST 10th

Last Answer : Removal of barriers on foreign trade and foreign investment: (i) Barriers on foreign trade and foreign investment were partially removed. (ii) Goods could be imported and exported easily. ( ... and offices here. (iv) Indian producers got opportunities to compete with producers around the globe.

Description : According to United Nations Conference on Trade and Development (UNCTAD) report, what is the position of India in Asia among the largest recipients of Foreign Direct Investment (FDI)? A) 12th B) 10th C) 4th D) 9th E) 6th

Last Answer : C) 4th Explanation: Switzerland based United Nations Conference on Trade and Development (UNCTAD) released the World Investment Report stated that India is the fourth largest recipient of Foreign Direct ... involvement of India in Foreign Direct Investment is likely to reach USD 60 billion in 2016

Description : Which of the following is a driver of globalization? A. Trade barriers and controls on inflows of foreign direct investment. B. Weak competition. C. Technological advance. D. Economies of scale are being exploited to the maximum.

Last Answer : Trade barriers and controls on inflows of foreign direct investment.

Description : Globalization refers to: A. A more integrated and interdependent world B. Less foreign trade and investment C. Global warming D. Lower incomes worldwide

Last Answer : . A more integrated and interdependent world

Description : Globalisation is the term used to describe process of removal of restriction on A. Foreign Trade B. Investment C. Both (A) and (B) D. None of the above

Last Answer : C. Both (A) and (B)

Description : Which of these is not the function of World Bank? (a) To arbitrate on international trade disputes. (b) To help the member countries in the reconstruction and development of their countries. ... and credit by guaranteeing repayment. (d) To promote long term balanced growth of international trade.

Last Answer : (a) To arbitrate on international trade disputes. 

Description : How is the Government of India trying to attract more foreign investment ? Explain with examples. -SST 10th

Last Answer : Govt of India attracts foreign investment by: 1. The government has set up Special Economic Zones with best facilities of electricity, water etc. 2. Companies who set up their units in ... of work 5. The government provides various legal concessions to attract companies to invest in India.

Description : Mention any three steps which have been taken by the government of India to attract foreign investment in recent years? -SST 10th

Last Answer : Investment made by MNCs is known as foreign investment. In order to attract foreign investment following steps are taken by the Indian government : (i) Restrictions on trade and investment, ... producers of the world. (iii) Allowing privatisation of many public sector industries by the government.

Description : If an auditor had a substantial stock investment in a client that s(he) was auditing, which of the following would be true? a. The auditor would lack independence. b. The auditor ... be violating the Institute of Management Accounting standards d. The auditor would be violating the IIA standards

Last Answer : The auditor would lack independence

Description : A mixed economy refers to an economic system where - (1) The economy functions with foreign collaboration (2) Only t he private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed

Last Answer : (3) Both the government and the private sectors operate sectors operate simultaneously Explanation: Mixed economy is an economic system in which both the state and private sector direct the ... and that the government wields indirect influence over the economy through fiscal arid monetary policies.

Description : Which of the following is not required while computing Gross National Product (GNP)? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government

Last Answer : (3) Per capita income of citizens Explanation: Gross National Product (GNP) is the market value of all products and services produced in one year by labour and property supplied by the ... measures the value of goods and services that the country's citizens produced regardless of their location.

Description : The Government of India in a bid to attract foreign investments into India has appointed the Investment Commission which is headed by—

Last Answer : Ratan Tata

Description : In the BoP statement, current account includes (i) Marchandize, invisible items (ii) Government loans from abroad (iii) Foreign direct investment. (a) (i) only ; (b) Both (i) and (ii) above ; (c) Both (i) and (iii) above ; (d) Both (ii) and (iii) above

Last Answer : (a) (i) only ; 

Description : A mixed economy refers to an economic system where (1) The economy functions with foreign collaboration (2) Only the private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed

Last Answer : Both the government and the private sectors operate sectors operate simultaneously

Description : Which of the following is not required while computing Gross National Product (GNP) ? (1) Net foreign investment (2) Private investment (3) Per capita income of citizens (4) Purchase of goods by government

Last Answer : Per capita income of citizens 

Description : Why India removed trade barrier by 1991 ? -SST 10th

Last Answer : 'In the New Economic Policy of 1991, India removed trade barriers because: India was lacing a serious economic crisis in 1990-91 because of slow economic growth, inefficient public ... industries. The government felt that foreign competition would in fact improve the quality of goods.

Description : What is meant by trade barrier ? -SST 10th

Last Answer : Trade barrier refers to the tax put on import by the government to discourage imports.

Description : Why is 'tax on imports known as a trade barrier ? -SST 10th

Last Answer : Tax on imports is a trade barrier because it is a restriction set by the government to regulate foreign trade and what kind of goods is traded.

Description : What is meant by trade barrier ? -SST 10th

Last Answer : Barriers or restrictions that are imposed by government on free import and export activities are called trade barrier. Tax on imports is a vital trade barrier. Government can use the trade barriers in the ... can decide what kinds of goods and how much of each, should be traded in the country.

Description : Why is ‘tax’ on imports known as a trade barrier ? -SST 10th

Last Answer : Tax on imports imposed by the government to regulate foreign trade and investment is known as a trade barrier. Government imposed barriers on foreign trade and investment for the following ... only such commodities were allowed which were quite necessary, for example, machinery and petroleum.

Description : Why is ‘tax’ on imports known as trade barrier? -SST 10th

Last Answer : Trade barrier means restrictions imposed on import and export of goods. It is called so because some restrictions have been set up. The trade barriers provide protection to domestic goods from ... death blow to growing industries in India. Hence, India allowed imports of only essential goods.

Description : Which Indian bank has signed an agreement with Thailand‟s Kasikorn Bank to enhance cooperation in trade and investment? A) State Bank of India B) Yes Bank C) Canara Bank D) Axis Bank E) Union Bank of India

Last Answer : D) Axis Bank Explanation: The MoU will serve to strengthen existing ties between the two banks and will help facilitate and enhance cooperation in the areas of trade, investment and other businesses The ... as the Thailand Prime Minister Prayut Chan-o-cha is on a three-day visit to India.

Description : Who thought the country needed a strong central government to manage trade foreign affairs and national defence?

Last Answer : Feel Free to Answer

Description : What statement best represents the general attitude of the framers about the role of the federal government in foreign trade?

Last Answer : Feel Free to Answer

Description : Which of the following policies is known as Annual Policy Statement? A. Annual budget of central government B. Credit and Monetary Policy of RBI C. Foreign trade policy of DGFT D. Regulations issued by SEBI E. None of the Above

Last Answer : B. Credit and Monetary Policy of RBI Explanation: Credit and Monetary Policy of RBI is known as Annual Policy Statement.

Description : What records a country's transactions (made by individuals, firms and government bodies.) with the rest of the world? a) Trade deficit b) Capital Budget c) Foreign imports d) Balance of Payments or BoP

Last Answer : b) other things remaining equal