The trade policy reforms aimed at ________. The main features of the
| The trade policy reforms aimed at ________.
A. Dismantling of quantitative restrictions on imports and exports.
B. Reduction of tariff rates.
C. Removal of licensing procedures for imports.
D. All of these
Right Answer is: A
SOLUTION
The main features of the trade sector reforms are-
• Dismantling of Quantitative Restrictions on Imports and exports
• Import Tariffs Reduction in order to liberalized imports
• Current Account Convertibility of Rupee in order to promote trade
• Decanalisation- importers can import goods on their own instead of imports channelized by Public Sectors
• Concessions and Exemptions to liberalise imports and to promote exports
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