Question

Import substitution industrialization.

Make some discussion questions like multiple choice questions with clear answers and explanation. (import substitution industrialization)

Your multiple choices questions should be your own creativity.

NOTE:

Avoid questions like what is isi? Thanks.

Answer 1

Import substitution industrialisation is a trade and economic policy that advocates replacing foregin import with domestic production.

MCQ

1. Why should a country encourage ISI?

A. So that the price of the commodity is less that compared to the import product price

B.To reduce import and to promote the products been manufactured within the country so as to help the country economically grow and to creat employment opportunities.

C. Import substitution is a secondary inward approach to the development of the economy .

D. All the above.

Option D holds good as ISI is to be encouraged in a country for all the above mentioned reasons for the country to enter in developed economy category.

2. Which of the following countries were successful in implementing ISI policies

A. Brazil

B. Mexico

C. Ecuador

D. Honduras

Answer is Brazil and Mexico being large countries produced atleast short term growth with respect to ISI policies.

3. Which of the following countries failed at ISI policies implementation

A. Brazil

B. Mexico

C. Ecuador

D. Honduras

Answer is Ecuador and Honduras being smaller countries were less successful in ISI. It's generally a result of lack of growth or slow growth in agricultural productivity.

4. Which of the following options are disadvantages of ISI

A. Less competition.

B. Compromised quality as imported product could be of much better quality

C. High prices

D. High goverment intervention by means of subsidy.

Answer is option A B and D, option c does not hold good as the products being manufactured withint the country shall certainly be less price when compared to that of the imported products.

5. When did ISI era with the creation of ECLA (Economic commision of Latin America) get kicked off

A. 1930

B. 1940

C. 1950

D .1960

Answer is option C 1950