In the context of international economics, 'Dumping' is considered:
A. A form of export promotion subsidy only
B. A tariff barrier
C. An unfair trade practice of selling below cost or domestic price in foreign markets
D. A fair trade practice
Answer: Option C
Solution (By JKSSB Mock Tests)
Dumping involves selling a product in a foreign market at a price lower than the domestic price or below the cost of production, often subject to anti-dumping duties.
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