Which of the following can be a form of economic ldquo Protectionism rdquo by India 1 Visa restricti...........

Economic Affairs Foreign Trade - Trends and Policy

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Which of the following can be a form of economic “Protectionism” by India?

1.Visa restriction for foreign nationals.

2. Preferential market access policies for domestic industries.

3. Discouraging Foreign Instituitional Investment.

4. Increasing custom duties on imported goods and services.

5. Increasing custom duties on exported goods and services.

Select the correct answer using the codes below

1, 2 and 5 only

2 and 4 only

1, 3 and 4 only

1, 2 and 4 only

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Explanation:

Protectionism is the economic policy of restricting imports from other countries through methods such as tariffs on imported goods, import quotas, and a variety of other government regulations.

3^rd statement is not protectionism because in FII investment is coming inside the country and 5^th statement is not protectionsim because if custom duties are imposed on imports then it is protectionism