Protectionism aims to protect:
Options
AForeign Industries
BDomestic Industries
CConsumers
DImporters
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International TradeMTP - Dec 2023 (Inter)Question 172 of 20
All Questions Correct Answer
✅ Option b — Domestic Industries
All Options:
- AForeign Industries
- BDomestic Industries
- CConsumers
- DImporters
About This Chapter: International Trade
Paper
Paper 4: Business Economics
Weightage
10%
Key Topics
Theories, Trade Policy, Exchange Rates
This chapter explores trade between nations — why countries trade, the theories of Absolute and Comparative Advantage, Balance of Payments, Exchange Rate systems (Fixed vs Flexible), and India's trade policy including tariffs, quotas, and WTO rules.
View Official ICAI SyllabusExam Strategy Tip
Understand Comparative Advantage theory thoroughly — it's the foundation of international trade. Also focus on the Balance of Payments structure and what causes deficits.
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