WBCS.LIVE practice question

In the first seven Five-year plan, in India trade was characterized by what is commonly called an ______ strategy.

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Inward looking and outward trade
  2. Outward looking trade
  3. Inward looking trade
  4. Locking trade

Correct answer and explanation

Correct answer: Inward looking trade