The 'non-tariff barrier' includes which of the following? MCQ with Answer and Explanation

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The 'non-tariff barrier' includes which of the following?

A. Customs valuation only

B. Import duties

C. Sanitary and phytosanitary standards, quotas and licensing

D. Export duties

Answer: Option C

Solution (By JKSSB Mock Tests)

Non-tariff barriers include quotas, licensing, technical standards and sanitary measures.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'overdraft' facility is typically associated with:

A. fixed deposits

B. drawing more than the balance in a current account

C. insurance

D. credit cards

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Correct Answer: Option B

Explanation:
An overdraft allows a customer to draw more than the available balance in a current account.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Periodic Labour Force Survey' provides estimates of unemployment by:

A. daily only

B. weekly only

C. monthly

D. usual status, CWS and current daily status

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Correct Answer: Option D

Explanation:
PLFS gives unemployment estimates by usual status, current weekly status and current daily status.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Equal Remuneration Act' was enacted in India in which year?

A. 1970

B. 1986

C. 1980

D. 1976

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Correct Answer: Option D

Explanation:
The Equal Remuneration Act was enacted in 1976.

This question belongs to: Economy GK Economy Set 1

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