Countervailing duties are imposed to: MCQ with Answer and Explanation

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Countervailing duties are imposed to:

A. increase domestic consumption

B. promote exports

C. restrict foreign investment

D. offset subsidies given by foreign governments to their exporters

Answer: Option D

Solution (By JKSSB Mock Tests)

Countervailing duties offset foreign export subsidies.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Special Officer for Linguistic Minorities' is appointed under which article?

A. Article 352

B. Article 365

C. Article 360

D. Article 350B

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Correct Answer: Option D

Explanation:
Special Officer for Linguistic Minorities is appointed under Article 350B.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'producer price index' measures prices received by:

A. retailers only

B. consumers

C. producers for their output

D. wholesalers only

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Correct Answer: Option C

Explanation:
Producer Price Index measures prices received by producers.

This question belongs to: Economy GK Economy Set 1

Question #3

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Which of the following is NOT included in the calculation of GDP at market prices?

A. Net exports

B. Private consumption expenditure

C. Gross investment

D. Intermediate goods

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Correct Answer: Option D

Explanation:
GDP includes only final goods and services to avoid double counting. Intermediate goods are not included in GDP calculation.

This question belongs to: Economy GK Economy Set 1

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