Which of the following is an example of a non-tariff barrier to trade? MCQ with Answer and Explanation

Question

Share Report Error

Which of the following is an example of a non-tariff barrier to trade?

A. Quota restriction on imports

B. Export subsidy

C. Import duty of 10%

D. Ad valorem tariff

Answer: Option A

Solution (By JKSSB Mock Tests)

Non-tariff barriers include quotas, technical standards, licensing requirements and voluntary export restraints. Tariffs are direct taxes on imports.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Basel III norms primarily focus on:

A. priority sector lending

B. interest rate deregulation

C. capital adequacy, leverage and liquidity of banks

D. agricultural credit

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
Basel III norms strengthen capital adequacy, leverage and liquidity requirements for banks.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax Identification Number' is a:

A. 12-digit number

B. 15-digit number

C. 16-digit number

D. 10-digit number

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option B

Explanation:
GSTIN is a 15-digit PAN-based number.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Biological Diversity Act' was enacted in which year?

A. 2006

B. 2000

C. 2002

D. 2010

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Biological Diversity Act was enacted in 2002.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs