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How did the New Industrial Policy redefine the concept of economic self-reliance?
  • a)
    Focusing on agricultural self-sufficiency
  • b)
    Prioritizing domestic manufacturing over exports
  • c)
    Achieving self-reliance through import substitution
  • d)
    Earning foreign exchange through exports
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
How did the New Industrial Policy redefine the concept of economic sel...
The New Industrial Policy redefined economic self-reliance to mean the ability to pay for imports through foreign exchange earnings from exports, rather than solely relying on domestic industries.
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How did the New Industrial Policy redefine the concept of economic self-reliance?a)Focusing on agricultural self-sufficiencyb)Prioritizing domestic manufacturing over exportsc)Achieving self-reliance through import substitutiond)Earning foreign exchange through exportsCorrect answer is option 'D'. Can you explain this answer?
Question Description
How did the New Industrial Policy redefine the concept of economic self-reliance?a)Focusing on agricultural self-sufficiencyb)Prioritizing domestic manufacturing over exportsc)Achieving self-reliance through import substitutiond)Earning foreign exchange through exportsCorrect answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about How did the New Industrial Policy redefine the concept of economic self-reliance?a)Focusing on agricultural self-sufficiencyb)Prioritizing domestic manufacturing over exportsc)Achieving self-reliance through import substitutiond)Earning foreign exchange through exportsCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How did the New Industrial Policy redefine the concept of economic self-reliance?a)Focusing on agricultural self-sufficiencyb)Prioritizing domestic manufacturing over exportsc)Achieving self-reliance through import substitutiond)Earning foreign exchange through exportsCorrect answer is option 'D'. Can you explain this answer?.
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