Question : Which of the following is not a type of export promotion?
Option 1: Subsidies
Option 2: Tariffs
Option 3: Tax incentives
Option 4: Trade missions
Correct Answer: Tariffs
Solution : The correct answer is (b) Tariffs. Tariffs are trade barriers imposed on imports, not export promotion measures. Tariffs increase the cost of imported goods, making them less competitive in the domestic market. Export promotion, on the other hand, refers to policies and measures aimed at enhancing a country's exports. Subsidies, tax incentives, and trade missions are examples of export promotion strategies. Subsidies provide financial assistance to domestic exporters, tax incentives offer tax breaks or exemptions for export-related activities, and trade missions involve sending business delegations to foreign markets to explore export opportunities.
Question : Which of the following is not a type of trade restriction?
Option 1: Tariffs
Option 2: Quotas
Option 3: Embargoes
Option 4: Subsidies
Option 3: Subsidies
Option 4: Open market operations
Question : Which of the following is the right expansion of GATT?
Option 1: Government Agreement on Trade and Tax
Option 2: General Agreement on Trade and Tariffs
Option 3: Government Agreement on Trade and Tariffs
Option 4: General Agreement on Trade and Tax
Question : Which of the following is not a type of trade barrier?
Option 1: Quotas
Option 2: Subsidies
Option 4: Spot rates
Question : Which of the following is not a type of international trade?
Option 1: Merchandise trade
Option 2: Services trade
Option 3: Investment trade
Option 4: Capital trade
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