I. Primary products exporting countries have an unfavourable term of trade. The earnings from primary product exports were low and unstable |
II. Secondly, the quality of Indian products was not up to the world standards due to which we could not sustain markets. |
III. Third, only residue products were mainly exported. The fact that export earnings also contribute to economic development was overlooked. |
A) I & III
B) II & III
C) Only III
D) All the above
Correct Answer: D
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