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
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Correct Answer: Export-Import Policy
Solution : The correct answer is the Export-Import Policy.
Export-Import Policy is a component of trade policy. Trade policy is the set of rules and agreements that govern overseas imports and exports. These policies are country-specific and are developed by elected leaders. Tariffs, quotas, subsidies and technological trade obstacles are examples of export-import policies.
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Question : Custom duty is an instrument of
Option 1: Monetary policy
Option 2: Foreign trade policy
Option 3: Industrial policy
Option 4: Fiscal policy
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
Question : An area that supports the economy and export trade of a seaport is called its:
Option 1: Export basin
Option 2: Hinterland
Option 3: Economic zone
Option 4: Umland
Question : The second five-year plan of India focused on ______.
Option 1: rapid industrialisation
Option 2: foreign direct investment
Option 3: balance of payment
Option 4: family planning programmes
Question : Directions: In a certain code language, SEARCH is written as ACEHRS. How will IMPORT be written in that language?
Option 1: IMOPTR
Option 2: IMPORT
Option 3: EXPORT
Option 4: IMOPRT
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