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
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Correct Answer: Trade Barrier
Solution : The correct answer is Trade Barrier.
Trade Barriers are instruments of policy that restrict the free flow of goods and services across borders. They are of two different types: tariff barriers and non-tariff barriers. Tariff barriers include permits, quotas, import taxes, embargoes, sanctions, etc. Non-tariff barriers consist of more regulatory requirements, SPS measures, etc.
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Question : Which one of the following is a direct tax?
Option 1: Sales tax
Option 2: Excise Duty
Option 3: Wealth tax
Option 4: Entertainment tax
Question : Which of the following is not an example of an inflammable substance?
Option 1: Glass
Option 2: Alcohol
Option 3: LPG
Option 4: Petrol
Question : Which of the following is an example of an artificial ecosystem?
Option 1: Grasslands
Option 2: Desert
Option 3: Coral reefs
Option 4: Aquariums
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 an example of emulsion?
Option 1: Milk
Option 2: Mist
Option 3: Gemstone
Option 4: Clouds
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