Dumping refers to: MCQ with Answer and Explanation

Question

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Dumping refers to:

A. imposing high tariffs on imports

B. exporting goods with subsidies

C. buying goods from abroad at lower prices

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

Answer: Option D

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 'National Bank for Agriculture and Rural Development' was established in which year?

A. 1982

B. 1991

C. 1969

D. 1975

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Correct Answer: Option A

Explanation:
NABARD was established in 1982.

This question belongs to: Economy GK Economy Set 1

Question #2

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The 'Universal Declaration of Human Rights' was adopted by the United Nations in which year?

A. 1966

B. 1950

C. 1948

D. 1945

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Correct Answer: Option C

Explanation:
The Universal Declaration of Human Rights was adopted in 1948.

This question belongs to: Economy GK Economy Set 1

Question #3

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The 'GST Council' decisions are made by how much majority?

A. two-thirds majority

B. three-fourths majority

C. unanimous consent

D. simple majority

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Correct Answer: Option B

Explanation:
GST Council decisions require three-fourths majority.

This question belongs to: Economy GK Economy Set 1

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