Countervailing duties are imposed to: MCQ with Answer and Explanation

Question

Share Report Error

Countervailing duties are imposed to:

A. increase domestic consumption

B. offset subsidies given by foreign governments to their exporters

C. restrict foreign investment

D. promote exports

Answer: Option B

Solution (By JKSSB Mock Tests)

Countervailing duties offset foreign export subsidies.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Under monopoly, price in equilibrium is typically:

A. zero

B. greater than marginal cost

C. equal to marginal cost

D. less than marginal cost

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
A monopolist charges a price greater than marginal cost and earns supernormal profit.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'International Finance Corporation' mainly provides:

A. grants to governments

B. short-term balance of payments support

C. loans and investments in the private sector of developing countries

D. military assistance

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
IFC supports private sector investment in developing countries.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Unified Payments Interface' was launched in which year?

A. 2014

B. 2016

C. 2017

D. 2018

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
UPI was launched in April 2016.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs