Question:
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Import substitution helps protect domestic industries and reduce foreign dependency.
Updated On: Mar 17, 2026
- Export Promotion
- Export Substitution
- Import Substitution
- Import Proliferation
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The Correct Option is C
Solution and Explanation
The correct answer is: (C) Import Substitution
Import substitution is a strategy to promote domestic production by discouraging imports and encouraging self-reliance through policy support.
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