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Subjects
Class 10General KnowledgeWorld HistoryColonization and DecolonizationHardLevel 78
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Why is it necessary to understand the limitation of import substitution policy?

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Answer and explanation

Correct answer: Because protection could create problems of efficiency and competition

Import substitution aimed at self reliance but also had limits. For exams write both benefits and criticism.

Related tags

Import-SubstitutionLimitationsSelf-Reliance

Frequently asked questions

What is the correct answer to this question?

Because protection could create problems of efficiency and competition

Why is this the correct answer?

Import substitution aimed at self reliance but also had limits. For exams write both benefits and criticism.

Which subject and chapter does this question cover?

This is a Class 10 General Knowledge question. Chapter: World History. Topic: Colonization and Decolonization.

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10 more MCQs
  1. 1What is the simple meaning of colonization?
  2. 2What does decolonization mean?
  3. 3Why did European powers build many colonies?
  4. 4Which European power ruled India as a colony for a long time?
  5. 5The East India Company was mainly a company of which country?
  6. 6The need for raw materials was which type of cause of colonialism?
  7. 7Under colonial rule who generally controlled local people?
  8. 8Which economic benefit did European countries get from colonies?
  9. 9Which European country had major early colonial influence in many parts of the Americas?
  10. 10Which European country had major colonial influence over Brazil?
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