Multiple choice

The Government of India put a ban on export of which of the following commodities at the price below the price of the same in domestic market ?

  1. Steel

  2. Chemical Fertiliser

  3. Pharma products

  4. Electronic goods
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A Correct answer
Explanation

The Government of India banned the export of steel at prices below domestic market prices to protect domestic industries and ensure adequate domestic supply. This trade policy measure prevents exporters from selling steel cheaply in international markets while domestic consumers face higher prices. Similar export restrictions or duties have been used for other commodities.

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