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Which statement best explains Protectionism?

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Question ID #26513 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 1 Medium

Which statement best explains Protectionism?

Correct Answer: C. Policies designed to shield domestic producers from foreign competition
Protectionism: Policies designed to shield domestic producers from foreign competition

Question: Which statement best explains Protectionism?

A. WTO principle requiring non-discriminatory treatment among trading partners, subject to exceptions

B. Cross-border investment mainly in financial assets without managerial control

C. Policies designed to shield domestic producers from foreign competition

D. Institution focused on international monetary cooperation and balance-of-payments support

Correct Answer: C. Policies designed to shield domestic producers from foreign competitionProtectionism: Policies designed to shield domestic producers from foreign competition

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Which statement best explains Protectionism? - MCQ Explanation

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Correct answer: C. Policies designed to shield domestic producers from foreign competition