List of top Economics Questions on International Trade

"Import substitution policy, if not applied carefully, can be a double-edged sword for any economy."
Do you agree with the given statement? Justify your answer with valid arguments.
In which of the following year India had a surplus in its current account?
Expenditure towards the maintenance of embassies and diplomatic missions are included in which of the following accounts of the balance of payments.
State how multilateral trade is different from bilateral trade.
Distinguish between Tariffs and Quotas.
“Import substitution policy, if not applied carefully, can prove to be a double-edged sword for any economy.” Do you agree with the given statement? Justify your answer with valid arguments.