Which of the following is the main advantage of the import substitution policy?

Correct option is C

The correct answer is (c) It helps the nation achieve self-reliance.
Import substitution is an economic policy aimed at replacing foreign imports with domestic production. The main advantage of this policy is that it promotes self-reliance by encouraging the development of local industries. By reducing dependence on foreign goods and fostering domestic industries, countries aim to reduce their vulnerability to international market fluctuations, improve their balance of payments, and create jobs.