Question

Study the following image carefully :

From the following, choose the correct option which indicates similarities in the policies of India and Pakistan, in the post-1947 period:

• A. Dual pricing policy
• B. Commune system
• C. Import substitution
• D. Great Proletarian Cultural Revolution

Hint:

Import substitution involves replacing foreign imports with domestically produced goods to strengthen internal markets and reduce reliance on foreign goods.

Answer 1

The Correct Option is C

Both India and Pakistan adopted similar development strategies after independence in 1947. These included the adoption of a mixed economic system, implementation of the Green Revolution to enhance agricultural output, and a policy of import substitution industrialization to reduce foreign dependence by promoting domestic industries.