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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Business Modules and concepts in India

  • question_answer
          The 'Closed Economy' is the economy in which -

    A)    Only export takes place

    B) Budget deficit is less

    C) Only import takes place

    D) There is no foreign trade

    Correct Answer: D

    Solution :

    I n a c lose economy there's no foreign trade.


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