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Consider the following statements 1. India’s import of crude and petroleum product during the year 2001-02 accounted for about 27% of India’s total im
Assertion (A): The new EXIM Policy is liberal, market-oriented and favours global trade. Reason (R): GATT has played a significant role in the liberal
Among the following commodities imported by India during the year 2001-02, which one was the highest in terms of Rupee value?
The correct answer is option (d): A is false but R is true. Watch the detailed video explanation in our Sherlocking Prelims course on UnlockIAS.
This question was asked in UPSC CSE Prelims 2004, GS Paper 1, as Question 74. It falls under Indian Economy > International Trade & WTO.
This question is rated "moderate". It requires sound conceptual understanding of the topic.
UPSC has asked 38 questions from International Trade & WTO (under Indian Economy) across multiple years. Visit the topic page to see the full list and year-wise trends.