The 'dumping margin' is the difference between: MCQ with Answer and Explanation

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The 'dumping margin' is the difference between:

A. tariff and subsidy

B. export price and cost of production

C. import price and domestic price

D. export price and home market price

Answer: Option D

Solution (By JKSSB Mock Tests)

Dumping margin is the difference between the normal value (home market price) and export price.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is NOT a type of bank in the Indian banking system?

A. Commercial banks

B. Regional Rural Banks

C. Cooperative banks

D. Shadow banks as scheduled commercial banks

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Correct Answer: Option D

Explanation:
Shadow banks (NBFCs engaged in credit intermediation) are not scheduled commercial banks. The formal banking system includes commercial banks, cooperative banks and RRBs.

This question belongs to: Economy GK Economy Set 1

Question #2

Which of the following is a stock variable?

A. Investment expenditure

B. Government expenditure

C. Capital stock

D. National income

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Correct Answer: Option C

Explanation:
Capital stock is measured at a point of time and is therefore a stock variable.

This question belongs to: Economy GK Economy Set 1

Question #3

Tax Deduction at Source means:

A. tax is paid by the employer after salary payment

B. tax is waived

C. the payer deducts tax at the time of payment and deposits it with the government

D. the taxpayer pays tax after assessment

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Correct Answer: Option C

Explanation:
TDS requires the payer to deduct tax at source and deposit it with the government.

This question belongs to: Economy GK Economy Set 1

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