Question : Custom duty is an instrument of
Option 1: Monetary policy
Option 2: Foreign trade policy
Option 3: Industrial policy
Option 4: Fiscal policy
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Correct Answer: Foreign trade policy
Solution : The correct answer is foreign trade policy.
Custom duty is also used in foreign trade policy. A system of laws and regulations that manage the movement of commodities and services between nations is known as foreign trade policy. Governments use foreign trade policy to achieve many economic purposes, including protecting domestic sectors, promoting exports and regulating trade.
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Question : A Trade Policy consists of
Option 1: Export-Import Policy
Option 2: Licencing Policy
Option 3: Foreign Exchange Policy
Option 4: Balance of Payment Policy
Question : Which of the following is the instrument of monetary policy used by RBI?
Option 1: Base rate
Option 2: Call rate
Option 3: Bank rate
Option 4: Discount rate
Question : Import tax is an example of which of the following?
Option 1: Foreign trade
Option 2: Trade Barrier
Option 3: Economic growth
Option 4: Globalisation
Question : The main watchdog of international trade is:
Option 1: World Trade Organisation (WTO)
Option 2: International Finance Corporation (IFC)
Option 3: International Monetary Fund (IMF)
Option 4: World Bank
Question : Directions: Arrange the following words as per order in the dictionary. 1. Billian 2. Bifurcate 3. Bilateral 4. Bilirubin
Option 1: 2, 1, 3, 4
Option 2: 4, 3, 2, 1
Option 3: 2, 3, 4, 1
Option 4: 2, 3, 1, 4
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