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Unit 4 Ch 4 : Globalization and the Indian Economy — Social Studies STD 10 — Question

CBSE BoardEnglish MediumSTD 10Social StudiesUnit 4 Ch 4 : Globalization and the Indian Economy3 Marks
Question
What do you understand by liberalisation of foreign trade?
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Answer

Liberalisation of foreign trade involves reducing or removing various trade barriers. Government provides policies and facilities which attract foreign companies to come to India for business activities. Such steps help in increasing the foreign trade.

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