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Read the following passage carefully and answer the questions that follow:
The Second Five Year Plan stressed on heavy industries. It was drafted by a team of economists and planners under the leadership of P.C. Mahalanobis. If the first plan had preached patience, the second wanted to bring about quick structural transformation by making changes simultaneously in all possible directions. Before this plan was finalized, the Congress party at its session held at Avadi near the then Madras city, passed an important resolution. It declared that ‘Socialist pattern of society’ was its goal. This was reflected in the Second Plan. The government imposed substantial tariffs on imports in order to protect domestic industries. Such protected environment helped both public and private sector industries to grow. As savings and investment were growing in this period, a bulk of these industries like electricity, railways, steel, machineries and communication could be developed in the public sector. Indeed, such a push for industrialisation marked a turning point in India’s development.
Q. Why did government impose substantial tariffs on imports?
  • a)
    To increase the income from imports
  • b)
    To create employment in import-export sector
  • c)
    To restrict foreign goods
  • d)
    To protect domestic industries
Correct answer is option 'D'. Can you explain this answer?
Verified Answer
Read the following passage carefully and answer the questions that fo...
Governments may impose tariffs to raise revenue or to protect domestic industries—especially nascent ones—from foreign competition. By making foreignproduced goods more expensive, tariffs can make domestically produced alternatives seem more attractive.
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Most Upvoted Answer
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Government's Rationale for Imposing Tariffs
The government's decision to impose substantial tariffs on imports during the Second Five Year Plan was primarily aimed at protecting domestic industries. This approach was crucial for several reasons:
1. Protection of Local Industries
- By imposing tariffs, the government aimed to create a protective barrier around local industries, making foreign goods more expensive.
- This protection allowed domestic industries to thrive without the pressure of cheaper imports undermining their market share.
2. Encouragement of Industrial Growth
- The tariffs provided a conducive environment for both public and private sector industries to grow and expand.
- With reduced competition from foreign goods, local manufacturers could increase production, innovate, and improve quality.
3. Job Creation
- Protecting domestic industries led to job creation in various sectors, contributing to economic stability.
- As industries expanded, new employment opportunities emerged, benefiting the workforce.
4. Economic Self-Sufficiency
- The imposition of tariffs was part of a broader strategy to promote self-sufficiency in key sectors such as electricity, railways, steel, and machinery.
- By building up domestic capabilities, the government aimed to reduce dependency on foreign goods and foster economic independence.
Conclusion
In summary, the substantial tariffs on imports were a strategic move by the government to safeguard and promote domestic industries. This policy was integral to the objectives of the Second Five Year Plan, reflecting the commitment to achieving a 'Socialist pattern of society' and ensuring rapid industrialization in India.
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Read the following passage carefully and answer the questions that follow:The Second Five Year Plan stressed on heavy industries. It was drafted by a team of economists and planners under the leadership of P.C. Mahalanobis. If the first plan had preached patience, the second wanted to bring about quick structural transformation by making changes simultaneously in all possible directions. Before this plan was finalized, the Congress party at its session held at Avadi near the then Madras city, passed an important resolution. It declared that ‘Socialist pattern of society’ was its goal. This was reflected in the Second Plan. The government imposed substantial tariffs on imports in order to protect domestic industries. Such protected environment helped both public and private sector industries to grow. As savings and investment were growing in this period, a bulk of these industries like electricity, railways, steel, machineries and communication could be developed in the public sector. Indeed, such a push for industrialisation marked a turning point in India’s development.Q. Why did government impose substantial tariffs on imports?a)To increase the income from importsb)To create employment in import-export sectorc)To restrict foreign goodsd)To protect domestic industriesCorrect answer is option 'D'. Can you explain this answer?
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Read the following passage carefully and answer the questions that follow:The Second Five Year Plan stressed on heavy industries. It was drafted by a team of economists and planners under the leadership of P.C. Mahalanobis. If the first plan had preached patience, the second wanted to bring about quick structural transformation by making changes simultaneously in all possible directions. Before this plan was finalized, the Congress party at its session held at Avadi near the then Madras city, passed an important resolution. It declared that ‘Socialist pattern of society’ was its goal. This was reflected in the Second Plan. The government imposed substantial tariffs on imports in order to protect domestic industries. Such protected environment helped both public and private sector industries to grow. As savings and investment were growing in this period, a bulk of these industries like electricity, railways, steel, machineries and communication could be developed in the public sector. Indeed, such a push for industrialisation marked a turning point in India’s development.Q. Why did government impose substantial tariffs on imports?a)To increase the income from importsb)To create employment in import-export sectorc)To restrict foreign goodsd)To protect domestic industriesCorrect answer is option 'D'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about Read the following passage carefully and answer the questions that follow:The Second Five Year Plan stressed on heavy industries. It was drafted by a team of economists and planners under the leadership of P.C. Mahalanobis. If the first plan had preached patience, the second wanted to bring about quick structural transformation by making changes simultaneously in all possible directions. Before this plan was finalized, the Congress party at its session held at Avadi near the then Madras city, passed an important resolution. It declared that ‘Socialist pattern of society’ was its goal. This was reflected in the Second Plan. The government imposed substantial tariffs on imports in order to protect domestic industries. Such protected environment helped both public and private sector industries to grow. As savings and investment were growing in this period, a bulk of these industries like electricity, railways, steel, machineries and communication could be developed in the public sector. Indeed, such a push for industrialisation marked a turning point in India’s development.Q. Why did government impose substantial tariffs on imports?a)To increase the income from importsb)To create employment in import-export sectorc)To restrict foreign goodsd)To protect domestic industriesCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following passage carefully and answer the questions that follow:The Second Five Year Plan stressed on heavy industries. It was drafted by a team of economists and planners under the leadership of P.C. Mahalanobis. If the first plan had preached patience, the second wanted to bring about quick structural transformation by making changes simultaneously in all possible directions. Before this plan was finalized, the Congress party at its session held at Avadi near the then Madras city, passed an important resolution. It declared that ‘Socialist pattern of society’ was its goal. This was reflected in the Second Plan. The government imposed substantial tariffs on imports in order to protect domestic industries. Such protected environment helped both public and private sector industries to grow. As savings and investment were growing in this period, a bulk of these industries like electricity, railways, steel, machineries and communication could be developed in the public sector. Indeed, such a push for industrialisation marked a turning point in India’s development.Q. Why did government impose substantial tariffs on imports?a)To increase the income from importsb)To create employment in import-export sectorc)To restrict foreign goodsd)To protect domestic industriesCorrect answer is option 'D'. Can you explain this answer?.
Solutions for Read the following passage carefully and answer the questions that follow:The Second Five Year Plan stressed on heavy industries. It was drafted by a team of economists and planners under the leadership of P.C. Mahalanobis. If the first plan had preached patience, the second wanted to bring about quick structural transformation by making changes simultaneously in all possible directions. Before this plan was finalized, the Congress party at its session held at Avadi near the then Madras city, passed an important resolution. It declared that ‘Socialist pattern of society’ was its goal. This was reflected in the Second Plan. The government imposed substantial tariffs on imports in order to protect domestic industries. Such protected environment helped both public and private sector industries to grow. As savings and investment were growing in this period, a bulk of these industries like electricity, railways, steel, machineries and communication could be developed in the public sector. Indeed, such a push for industrialisation marked a turning point in India’s development.Q. Why did government impose substantial tariffs on imports?a)To increase the income from importsb)To create employment in import-export sectorc)To restrict foreign goodsd)To protect domestic industriesCorrect answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Humanities/Arts. Download more important topics, notes, lectures and mock test series for Humanities/Arts Exam by signing up for free.
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If the first plan had preached patience, the second wanted to bring about quick structural transformation by making changes simultaneously in all possible directions. Before this plan was finalized, the Congress party at its session held at Avadi near the then Madras city, passed an important resolution. It declared that ‘Socialist pattern of society’ was its goal. This was reflected in the Second Plan. The government imposed substantial tariffs on imports in order to protect domestic industries. Such protected environment helped both public and private sector industries to grow. As savings and investment were growing in this period, a bulk of these industries like electricity, railways, steel, machineries and communication could be developed in the public sector. Indeed, such a push for industrialisation marked a turning point in India’s development.Q. Why did government impose substantial tariffs on imports?a)To increase the income from importsb)To create employment in import-export sectorc)To restrict foreign goodsd)To protect domestic industriesCorrect answer is option 'D'. Can you explain this answer?, a detailed solution for Read the following passage carefully and answer the questions that follow:The Second Five Year Plan stressed on heavy industries. It was drafted by a team of economists and planners under the leadership of P.C. Mahalanobis. If the first plan had preached patience, the second wanted to bring about quick structural transformation by making changes simultaneously in all possible directions. Before this plan was finalized, the Congress party at its session held at Avadi near the then Madras city, passed an important resolution. It declared that ‘Socialist pattern of society’ was its goal. This was reflected in the Second Plan. The government imposed substantial tariffs on imports in order to protect domestic industries. Such protected environment helped both public and private sector industries to grow. As savings and investment were growing in this period, a bulk of these industries like electricity, railways, steel, machineries and communication could be developed in the public sector. Indeed, such a push for industrialisation marked a turning point in India’s development.Q. Why did government impose substantial tariffs on imports?a)To increase the income from importsb)To create employment in import-export sectorc)To restrict foreign goodsd)To protect domestic industriesCorrect answer is option 'D'. Can you explain this answer? has been provided alongside types of Read the following passage carefully and answer the questions that follow:The Second Five Year Plan stressed on heavy industries. It was drafted by a team of economists and planners under the leadership of P.C. Mahalanobis. If the first plan had preached patience, the second wanted to bring about quick structural transformation by making changes simultaneously in all possible directions. Before this plan was finalized, the Congress party at its session held at Avadi near the then Madras city, passed an important resolution. It declared that ‘Socialist pattern of society’ was its goal. This was reflected in the Second Plan. The government imposed substantial tariffs on imports in order to protect domestic industries. Such protected environment helped both public and private sector industries to grow. As savings and investment were growing in this period, a bulk of these industries like electricity, railways, steel, machineries and communication could be developed in the public sector. Indeed, such a push for industrialisation marked a turning point in India’s development.Q. Why did government impose substantial tariffs on imports?a)To increase the income from importsb)To create employment in import-export sectorc)To restrict foreign goodsd)To protect domestic industriesCorrect answer is option 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following passage carefully and answer the questions that follow:The Second Five Year Plan stressed on heavy industries. It was drafted by a team of economists and planners under the leadership of P.C. Mahalanobis. If the first plan had preached patience, the second wanted to bring about quick structural transformation by making changes simultaneously in all possible directions. Before this plan was finalized, the Congress party at its session held at Avadi near the then Madras city, passed an important resolution. It declared that ‘Socialist pattern of society’ was its goal. This was reflected in the Second Plan. The government imposed substantial tariffs on imports in order to protect domestic industries. Such protected environment helped both public and private sector industries to grow. As savings and investment were growing in this period, a bulk of these industries like electricity, railways, steel, machineries and communication could be developed in the public sector. Indeed, such a push for industrialisation marked a turning point in India’s development.Q. Why did government impose substantial tariffs on imports?a)To increase the income from importsb)To create employment in import-export sectorc)To restrict foreign goodsd)To protect domestic industriesCorrect answer is option 'D'. Can you explain this answer? tests, examples and also practice Humanities/Arts tests.
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