Question : The term "Dumping" refers to
Option 1: The sale of a sub-standard commodity
Option 2: Sale in a foreign market of a commodity at a price below marginal cost
Option 3: Sale in a foreign market of a commodity just at a marginal cost with too much profit
Option 4: Smuggling of goods without paying any customs duty
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Correct Answer: Sale in a foreign market of a commodity at a price below marginal cost
Solution : The correct answer is the sale in a foreign market of a commodity at a price below marginal cost.
The phrase "dumping" refers to the practice of selling products in a foreign market at a price lower than their typical worth. It can be performed to drive out local manufacturers or acquire market share. Dumping has the potential to hurt domestic industry and consumers. When overseas companies sell items below cost, domestic companies may find it challenging to compete with one another. This might result in reduced employment and increased consumer prices.
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Question : A dealer marks his goods at 40% above the cost price. He sells 60% of the goods at the marked price by giving a 10% discount and the rest by giving a 50% discount on the marked price. What is his overall profit or loss percentage?
Option 1: Loss 2.8%
Option 2: Profit 2.8%
Option 3: Profit 3.6%
Option 4: Loss 3.6%
Question : Excise duty is levied on
Option 1: Sale of goods
Option 2: Production of goods
Option 3: Import of goods
Option 4: Export of goods
Question : A sold an article to B at 25% profit, and B further sold it to C by earning a certain profit. If the cost price for C is 30% more than the cost price for A, find the profit percentage earned by B.
Option 1: $5\frac{1}{2}\%$
Option 2: $4\%$
Option 3: $5\%$
Option 4: $4\frac{1}{2}\%$
Question : Which of the following cost is related to marginal cost ?
Option 1: Variable cost .
Option 2: Implicit cost
Option 3: Prime cost .
Option 4: Fixed cost .
Question : A person marks his goods $x$% above the cost price and allows a discount of 12% on the marked price. If his profit is 10%, the difference between $x$% and the profit percentage is:
Option 1: 15%
Option 2: 18%
Option 3: 13%
Option 4: 10%
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