‘PROTECTION’ means (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

‘PROTECTION’ means (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above
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'PROTECTION' means - (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Description : 'PROTECTION' means - (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

Last Answer : (4) All of the above Explanation: Protectionism is the economic policy of restraining trade between states through methods such as tariffs on imported goods, restrictive quotas, and a ... protect businesses and workers within a country by restricting or regulating trade with foreign nations.

Which among the following is not a non-customs duty obstacle in the world trade? (1) Quantity restriction (2) Establishment of Standard of labour in manufacturing (3) Determination of import duty uniformly (4) Restrictions on goods quality

Description : Which among the following is not a non-customs duty obstacle in the world trade? (1) Quantity restriction (2) Establishment of Standard of labour in manufacturing (3) Determination of import duty uniformly (4) Restrictions on goods quality

Last Answer : (3) Determination of import duty uniformly Explanation: Non-tariff barriers to trade include import quotas, special licenses, unreasonable standards for the quality of goods, bureaucratic delays at customs, ... duty uniformly is comes under the sovereign duty of a nation. It is internal development.

Which among the following is not a non-customs duty obstacle in the world trade ? (1) Quantity restriction (2) Establishment of Standard of labour in manufacturing (3) Determination of import duty uniformly (4) Restrictions on goods quality

Description : Which among the following is not a non-customs duty obstacle in the world trade ? (1) Quantity restriction (2) Establishment of Standard of labour in manufacturing (3) Determination of import duty uniformly (4) Restrictions on goods quality

Last Answer : Determination of import duty uniformly

Liberalization means A. Reducing number of reserved industries from 17 to 8 B. Liberating the industry, trade and economy from unwanted restrictions C. Opening up of economy to the world by attaining international competitiveness D. Free determination of interest rates

Description : Liberalization means A. Reducing number of reserved industries from 17 to 8 B. Liberating the industry, trade and economy from unwanted restrictions C. Opening up of economy to the world by attaining international competitiveness D. Free determination of interest rates

Last Answer : B. Liberating the industry, trade and economy from unwanted restrictions

Reasonable restrictions under Article 19(2) can be imposed on the ground of (1) Defection (2) Contempt of court (3) Death of the PM (4) Signing of a trade treaty with a country

Description : Reasonable restrictions under Article 19(2) can be imposed on the ground of (1) Defection (2) Contempt of court (3) Death of the PM (4) Signing of a trade treaty with a country

Last Answer : (2) Contempt of court Explanation: According to Article 19(2), Nothing in sub clause (1) of clause (1) shall affect the operation of any existing law, or prevent the State from making any ... of the right conferred by the said sub clause in the interests of the sovereignty and integrity of India.

What is Integrated Goods and Services Tax? (A) Tax on international trade (B) Tax imposed on interstate trade (C) Tax imposed on value additions to exports (D) Tax imposed on imported goods and services

Description : What is Integrated Goods and Services Tax? (A) Tax on international trade (B) Tax imposed on interstate trade (C) Tax imposed on value additions to exports (D) Tax imposed on imported goods and services

Last Answer : (B) Tax imposed on interstate trade

What is Integrated Goods and Services Tax? (A) Tax imposed on imported goods and services (B) Tax imposed on value additions to exports (C) Tax imposed on interstate trade (D) Tax on international trade

Description : What is Integrated Goods and Services Tax? (A) Tax imposed on imported goods and services (B) Tax imposed on value additions to exports (C) Tax imposed on interstate trade (D) Tax on international trade

Last Answer : (C) Tax imposed on interstate trade

Quantitative restrictions refer to limit set by countries to curb A. Measures that affect trade in goods. B. Measures that lead to restrictions in quantities. C. Discouraging measures that limit a company’s imports. D. Discouraging measures that limit a company’s exports.

Description : Quantitative restrictions refer to limit set by countries to curb A. Measures that affect trade in goods. B. Measures that lead to restrictions in quantities. C. Discouraging measures that limit a company’s imports. D. Discouraging measures that limit a company’s exports.

Last Answer : Discouraging measures that limit a company’s exports.

A Trade Policy consists of - (1) Export-Import Policy (2) Licencing Policy (3) Foreign Exchange Policy (4) Balance of Payment Policy

Description : A Trade Policy consists of - (1) Export-Import Policy (2) Licencing Policy (3) Foreign Exchange Policy (4) Balance of Payment Policy

Last Answer : (1) Export-Import Policy Explanation: Trade policy, also called ExportImport policy, is a collection of rules and regulations which pertain to trade. Every nation has some form of trade policy in place ... taxes, tariffs, inspection regulations, and quotas can all be part of a nation's trade policy.

A Trade Policy consists of (1) Export-Import Policy (2) Licencing Policy (3) Foreign Exchange Policy (4) Balance of Payment Policy

Description : A Trade Policy consists of (1) Export-Import Policy (2) Licencing Policy (3) Foreign Exchange Policy (4) Balance of Payment Policy

Last Answer : Export-Import Policy

Terms of trade of developing countries are generally favourable because A. They export primary goods B. They import value added goods C. They export few goods D. Both (a) and (b)

Description : Terms of trade of developing countries are generally favourable because A. They export primary goods B. They import value added goods C. They export few goods D. Both (a) and (b)

Last Answer : Both (a) and (b)

Relaxing the restrictions and controls imposed on Business and industry means A. Liberalisation B. Privatisation C. Globalisation D. None of the above

Description : Relaxing the restrictions and controls imposed on Business and industry means A. Liberalisation B. Privatisation C. Globalisation D. None of the above

Last Answer : A. Liberalisation

Tariff is a----- (a) Quantitative restrictions on import. (b) Tax on import. © License on import. (d) Both (b) and (c).

Description : Tariff is a----- (a) Quantitative restrictions on import. (b) Tax on import. © License on import. (d) Both (b) and (c).

Last Answer : (b) Tax on import.

Free Trade refers to - (1) free movement of goods from one country to another (2) movement of goods free of cost (3) unrestricted exchange of goods and service (4) trade free of duty

Description : Free Trade refers to - (1) free movement of goods from one country to another (2) movement of goods free of cost (3) unrestricted exchange of goods and service (4) trade free of duty

Last Answer : (1) free movement of goods from one country to another Explanation: Free trade is a policy by which a government does not discriminate against imports or interfere with exports by ... countries are determined by price strategies that may differ-from those that would emerge under deregulation.

Free Trade refers to (1) free movement of goods from one country to another (2) movement of goods free of cost (3) unrestricted exchange of goods and service (4) trade free of duty

Description : Free Trade refers to (1) free movement of goods from one country to another (2) movement of goods free of cost (3) unrestricted exchange of goods and service (4) trade free of duty

Last Answer : free movement of goods from one country to another

The concept that under a system of free enterprise, it is consumers who decide what goods and services shall be produced and in what quantities is known as (1) Consumer Protection (2) Consumer’s Decision (3) Consumer Preference (4) Consumer’s Sovereignty

Description : The concept that under a system of free enterprise, it is consumers who decide what goods and services shall be produced and in what quantities is known as (1) Consumer Protection (2) Consumer’s Decision (3) Consumer Preference (4) Consumer’s Sovereignty

Last Answer : Consumer’s Sovereignty

What is Value Added Tax (VAT)? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A single tax that replaces State taxes like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods

Description : What is Value Added Tax (VAT)? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A ... like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods

Last Answer : (3) A single tax that replaces State taxes like, surcharge, turnover tax, etc. Explanation: A value added tax (VAT) is a form of consumption tax. A VAT is like a sales tax in that ... under the single tax system based primarily or exclusively on one tax, typically chosen for its special properties.

What is Value Added Tax (VAT) ? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A single tax that replaces State taxes like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods

Description : What is Value Added Tax (VAT) ? (1) A simple, transparent, easy to pay tax imposed on consumers (2) A new initiative taken by the Government to increase the tax-burden of high income groups (3) A ... like, surcharge, turnover tax, etc. (4) A new tax to be imposed on the producers of capital goods 

Last Answer : A single tax that replaces State taxes like, surcharge, turnover tax, etc. 

Comparative advantage occurs when (a) A country can produce more goods than anyone else (b) A country has a lower opportunity cost in the production of a good than any other country © A country has more product lines than other countries (d) The exchange rate appreciates.

Description : Comparative advantage occurs when (a) A country can produce more goods than anyone else (b) A country has a lower opportunity cost in the production of a good than any other country © A country has more product lines than other countries (d) The exchange rate appreciates.

Last Answer : (b) A country has a lower opportunity cost in the production of a good than any other country

In autarky equilibrium (a) production=consumption. (b) export=import © there is no trade (d) all of the above.

Description : In autarky equilibrium (a) production=consumption. (b) export=import © there is no trade (d) all of the above.

Last Answer : (a) production=consumption.

Which authority sanctions foreign exchange for the import of goods? -Do You Know?

Description : Which authority sanctions foreign exchange for the import of goods? -Do You Know?

Last Answer : answer:

Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means - (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : (4) Goods are exchanged with goods. Explanation: Barter is a system of exchange where goods or services are directly exchanged for other goods or services without using a medium of exchange, ... crisis, such as when the currency may be either unstable or simply unavailable for conducting commerce,

Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Description : Barter transactions means (1) Goods are exchanged with gold. (2) Coins are exchanged for goods. (3) Money acts as a medium of exchange. (4) Goods are exchanged with goods.

Last Answer : Goods are exchanged with goods.

Theoretically trade between two countries lakes place on account of - (1) differences In costs (2) scarcity of goods (3) comparative differences in costs (4) need for exports

Description : Theoretically trade between two countries lakes place on account of - (1) differences In costs (2) scarcity of goods (3) comparative differences in costs (4) need for exports

Last Answer : (3) comparative differences in costs Explanation: Trade exists for man clue to specialization and division of labor, most people concentrate on a small aspect of production, trading for other ... for the benefits of mass production thus providing cost advantage of producing the same commodity.

Theoretically trade between two countries lakes place on account of (1) differences in costs (2) scarcity of goods (3) comparative differences in costs (4) need for exports

Description : Theoretically trade between two countries lakes place on account of (1) differences in costs (2) scarcity of goods (3) comparative differences in costs (4) need for exports

Last Answer : comparative differences in costs

Mention any five restrictions imposed by the British government upon the Indian merchants In the 19th century. -SST 10th

Description : Mention any five restrictions imposed by the British government upon the Indian merchants In the 19th century. -SST 10th

Last Answer : (i) The spare within which Indian merchants could function, became limited. (ii) They were barred from Trading with Europe in manufactured goods. (iii) They had to export mostly raw materials ... (v) Till the First World War,European Managing Agencies controlled a large sector of Indian industries.

What restrictions were imposed by the Vernacular Press Act on the Indian Press ? Explain. -SST 10th

Description : What restrictions were imposed by the Vernacular Press Act on the Indian Press ? Explain. -SST 10th

Last Answer : (i) The British government began to perceive vernacular newspapers as a threat to its rule. This led to the enactment of Vernacular Press Act in 1878. (ii) It provided the government with extensive ... (v) For the second mistake, there was provision to seize the press and confiscate the machinery.

What restrictions were imposed by the Vernacular Press Act on the Indian Press? Explain -SST 10th

Description : What restrictions were imposed by the Vernacular Press Act on the Indian Press? Explain -SST 10th

Last Answer : 'This answer was deleted by our moderators...

Mention any three restrictions imposed by the British government upon the Indian merchants in the 19th century? -SST 10th

Description : Mention any three restrictions imposed by the British government upon the Indian merchants in the 19th century? -SST 10th

Last Answer : The British Government in the 19th century tighteneed their control over Indian merchants. (i) They were barred from trading with Europe in manufactured goods. (ii) They had to ... all investment and business decision. Indian businessmen were not allowed to join European merchant, industrialists.

What restrictions were imposed by the Vernacular Press Act on the Indian Press? Explain. -SST 10th

Description : What restrictions were imposed by the Vernacular Press Act on the Indian Press? Explain. -SST 10th

Last Answer : In 1878, the Vernacular Press Act was passed. It provided the government with intensive rights to censor reports and editorials in the vernacular press. The government kept regular track of the ... the warning was ignored, the press was liable to be seized and the printing machinery confiscated.

Mention any three restrictions imposed by the British Government upon the Indian merchants in the 19th Century? -SST 10th

Description : Mention any three restrictions imposed by the British Government upon the Indian merchants in the 19th Century? -SST 10th

Last Answer : Restrictions imposed by the British Government upon the Indian merchants were: (i) The colonial control over Indian trade tightened and space within which Indian merchants could function became limited. (ii ... and food grains. (iv) They were also gradually edged out of the shipping business.

What restrictions were imposed by the Vernacular Press Act on the Indian Press? -SST 10th

Description : What restrictions were imposed by the Vernacular Press Act on the Indian Press? -SST 10th

Last Answer : (i) The Vernacular Press Act provided the government with extensive rights to censor reports and editorials in the vernacular press. (ii) The government kept regular track of the vernacular ... was ignored, the press was liable to be seized and the printing machinery could be confiscated.

Terms of trade in developing countries are generally unfavourable because (a) They export manufacturing products. (b) They export primary products. © They export few goods. (d) Both (a) and (c).

Description : Terms of trade in developing countries are generally unfavourable because (a) They export manufacturing products. (b) They export primary products. © They export few goods. (d) Both (a) and (c).

Last Answer : (b) They export primary products.

Which of these statements BEST describes international marketing ? 1. Developing and performing marketing activities across national boundaries 2. the exporting of goods and services 3. the creation of value and the exchange of value between countries 4. having firms with operations or subsidiaries located in many countries 5. none of these

Description : Which of these statements BEST describes international marketing ? 1. Developing and performing marketing activities across national boundaries 2. the exporting of goods and services 3. the creation ... . having firms with operations or subsidiaries located in many countries 5. none of these

Last Answer : Developing and performing marketing activities across national boundaries

Which of these statements BEST describes international marketing? A)developing and performing marketing activities across national boundaries. B)the exporting of goods and services. C)the creation of value and the exchange of value between countries. D)having firms with operations or subsidiaries located in many countries.

Description : Which of these statements BEST describes international marketing? A)developing and performing marketing activities across national boundaries. B)the exporting of goods and services. C)the creation ... between countries. D)having firms with operations or subsidiaries located in many countries.

Last Answer : A)developing and performing marketing activities across national boundaries.

. Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour

Description : . Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour

Last Answer : (b) the ratio of exports/imports

Terms of trade of a country show A. Ratio of goods exported and imported B. Ratio of import duties C. Ratio of prices of exports and imports D. (a) and (c) as given above

Description : Terms of trade of a country show A. Ratio of goods exported and imported B. Ratio of import duties C. Ratio of prices of exports and imports D. (a) and (c) as given above

Last Answer : Ratio of prices of exports and imports

Excise duty is levied on - (1) sale of goods (2) production of goods (3) import of goods (4) export of goods

Description : Excise duty is levied on - (1) sale of goods (2) production of goods (3) import of goods (4) export of goods

Last Answer : (2) production of goods Explanation: Excise duty is a tax on manufacture or production of goods. Excise duty on alcohol, alcoholic preparations, and narcotic substances is collected by the State Government and ... "State Excise" duty. The Excise duty on rest of goods is called "Central Excise" duty.

Excise duty is levied on (1) sale of goods (2) production of goods (3) import of goods (4) export of goods

Description : Excise duty is levied on (1) sale of goods (2) production of goods (3) import of goods (4) export of goods 

Last Answer : production of goods

Indirect tax means : (1) there is not direct relationship between the tax payer and the government. (2) direct relationship between tax payer and the government. (3) tax base is income (4) the incidence and impact are on the same person on whom tax is imposed.

Description : Indirect tax means : (1) there is not direct relationship between the tax payer and the government. (2) direct relationship between tax payer and the government. (3) tax base is income (4) the incidence and impact are on the same person on whom tax is imposed.

Last Answer : (1) there is not direct relationship between the tax payer and the government. Explanation: The term indirect tax has more than one meaning. In the colloquial sense, an indirect tax (such as ... which is collected directly by government from the persons (legal or natural) on which it is imposed.

Indirect tax means : (1) there is not direct relationship between the tax payer and the government. (2) direct relationship between tax payer and the government. (3) tax base is income (4) the incidence and impact are on the same person on whom tax is imposed.

Description : Indirect tax means : (1) there is not direct relationship between the tax payer and the government. (2) direct relationship between tax payer and the government. (3) tax base is income (4) the incidence and impact are on the same person on whom tax is imposed.

Last Answer : there is not direct relationship between the tax payer and the government.

Devaluation of currency leads to - (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Description : Devaluation of currency leads to - (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Last Answer : (4) All of the above Explanation: Devaluation in modern monetary policy is a reduction in the value of a currency with respect to those goods, services or other monetary units with which ... deficit. Import substitution means promotion of export to replace imports. It is also fallout of devaluation.

The terms of trade measures (a) the income of a country compared to another (b) The GDP of a country compared to another © The quantity of exports of a country compared to another (d) Export prices compared to import prices.

Description : The terms of trade measures (a) the income of a country compared to another (b) The GDP of a country compared to another © The quantity of exports of a country compared to another (d) Export prices compared to import prices.

Last Answer : (d) Export prices compared to import prices.

Devaluation of currency leads to (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Description : Devaluation of currency leads to (1) expansion of export trade (2) contraction of import trade (3) expansion of import substitution (4) All of the above

Last Answer : All of the above

Complaint means allegation in writing made by a complainant that a) An unfair trade practice or restrictive trade practice has been adapted by any traders or service provider b) The goods bought by him or agreed to be bought by him suffer from one or more defect c) A traders or the service provider as the case may be has charged for the goods or for the services mentioned in the complaint a price in excess of the price d) All the above

Description : Complaint means allegation in writing made by a complainant that a) An unfair trade practice or restrictive trade practice has been adapted by any  traders or service provider b) The goods bought by him ... the services mentioned in the complaint a price in excess of the price d) All the above

Last Answer : d) All the above

Value-added means value of - (1) output at factor cost (2) output at market prices (3) goods and services less depreciation (4) goods and services less cost of intermediate goods and services

Description : Value-added means value of - (1) output at factor cost (2) output at market prices (3) goods and services less depreciation (4) goods and services less cost of intermediate goods and services

Last Answer : (4) goods and services less cost of intermediate goods and services Explanation: Value added is an economic term to express the difference between the value of goods and the cost of materials or ... services by others. So it is of goods and services less cost of intermediate goods and services.

Value-added means value of (1) output at factor cost (2) output at market prices (3) goods and services less depreciation (4) goods and services less cost of intermediate goods and services

Description : Value-added means value of (1) output at factor cost (2) output at market prices (3) goods and services less depreciation (4) goods and services less cost of intermediate goods and services

Last Answer : goods and services less cost of intermediate goods and services

"Globalisation of Indian Economy" denotes : (1) Increase of external borrowings (2) having minimum intervention in economic relations with other countries (3) starting of new business units abroad (4) relaxing the programmes of import substitution

Description : "Globalisation of Indian Economy" denotes : (1) Increase of external borrowings (2) having minimum intervention in economic relations with other countries (3) starting of new business units abroad (4) relaxing the programmes of import substitution

Last Answer : (2) having minimum intervention in economic relations with other countries Explanation: Globalization means integrating the economy of a country with the economies of other countries or world economy ... of a plethora of export incentives opting for exchange rate adjustments for promoting exports.

One of the main factors that led to rapid expansion of Indian exports is - (1) Imposition of import duties (2) Liberalization of the economy (3) Recession in other countries (4) Diversification of exports

Description : One of the main factors that led to rapid expansion of Indian exports is - (1) Imposition of import duties (2) Liberalization of the economy (3) Recession in other countries (4) Diversification of exports

Last Answer : (4) Diversification of exports Explanation: India has rapidly diversified its exports markets from the traditional export partners towards emerging and developing economies. This has played a crucial ... export markets can be noted from the narrowing dependence on selected economies for exports.

What is considered to be one of the most important attributes when we compare countries at the level of development? a. Industrial development b. Resources of the country c. Income d. Import-export

Description : What is considered to be one of the most important attributes when we compare countries at the level of development? a. Industrial development b. Resources of the country c. Income d. Import-export

Last Answer : c. Income