Question : It refers to non-tariff barriers imposed on the quantity of imports and exports.
Option 1: Quota
Option 2: Tariff
Option 3: Tax
Option 4: None of the above
Correct Answer: Quota
Solution : Quota refers to nontax barriers imposed on the quantity of imports and exports. Hence option A is correct.
Question : It refers to tax levied on imported goods.
Question : Net exports = ?
Option 1: Exports - Imports
Option 2: Exports + Imports
Option 3: Only Exports
Option 4: None of the above.
Question : ___________ refers to the tax that are imposed on property and income of individual income and their burden can not be shifted.
Option 1: Direct tax
Option 2: Indirect tax
Option 3: Non tax revenue
Option 4: Tax revenue.
Question : _______________ refers to the sum total of receipt from taxes and other duties imposed by the government.
Option 1: Tax revenue
Option 2: Non tax revenue
Option 3: Direct tax
Option 4: Indirect tax
Question : When price of a foreign currency falls ______from that foreign country becomes cheaper and ________ increases.
Option 1: Imports, imports
Option 2: Exports, exports
Option 3: Imports, exports
Option 4: Exports, Imports
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