Dumping refers to: MCQ with Answer and Explanation

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Dumping refers to:

A. selling goods in a foreign market below cost or home market price

B. exporting goods with subsidies

C. buying goods from abroad at lower prices

D. imposing high tariffs on imports

Answer: Option A

Solution (By JKSSB Mock Tests)

Dumping is selling goods in a foreign market below cost or home market price.

This question belongs to: Economy GK Economy Set 1

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Question #1

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The 'Atal New India Challenge' is an initiative of:

A. Ministry of Finance

B. Ministry of Defence

C. SEBI

D. Atal Innovation Mission, NITI Aayog

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Correct Answer: Option D

Explanation:
Atal New India Challenge is an initiative of Atal Innovation Mission under NITI Aayog.

This question belongs to: Economy GK Economy Set 1

Question #2

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Which of the following is NOT recorded in the capital account of the Balance of Payments?

A. FDI

B. FPI

C. Export of goods

D. External commercial borrowing

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Correct Answer: Option C

Explanation:
Export of goods is recorded in the current account, not the capital account.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'Mahatma Gandhi Rural Employment Guarantee Act' was enacted in:

A. 2009

B. 2005

C. 2007

D. 2004

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Correct Answer: Option B

Explanation:
MGNREGA was enacted in 2005.

This question belongs to: Economy GK Economy Set 1

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