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Quantitative restrictions on imports of manufactured consumer goods and agricultural products were fully removed in which of the following years?
Question

Quantitative restrictions on imports of manufactured consumer goods and agricultural products were fully removed in which of the following years?

A.

1991

B.

1998

C.

2001

D.

1995

Correct option is C

The correct answer is (c) 2001
Explanation:
. India removed all quantitative restrictions on imports of agricultural, textile, industrial products by April 2001 per WTO commitments.
. Phased out post-1999 US dispute settlement; covered 715 items including 147 agricultural.
. Replaced by tariffs, anti-dumping, state trading for sensitive products.
Information Booster:
. EXIM Policy 1997-2002 amendments complied with BOP justification end.
. Agricultural imports like wheat, rice via state enterprises post-removal.
. No significant import surge despite liberalisation.
Additional Knowledge:
1991 (Option a)
. Liberalisation began; partial QRs lifted.
. Not full removal.
1998 (Option b)
. SAARC QRs abolished; general persisted.
. Partial step.
1995 (Option d)
. WTO formation; India retained BOP QRs.
. Pre-phaseout period.

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