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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