Which of the following is NOT a measure to promote exports? MCQ with Answer and Explanation

Which of the following is NOT a measure to promote exports?
A. Duty drawback schemes
B. Export subsidies
C. Special Economic Zones
D. High import tariffs on export inputs
Answer: Option D
Solution (By JKSSB Mock Tests)
High import tariffs on inputs used in export production raise costs and discourage exports. Export promotion measures include subsidies, duty drawbacks and SEZs.

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Practice More Economy Set 1 Questions

Question #1
The International Monetary Fund and the World Bank were established at:
A. the Geneva Conference
B. the Bretton Woods Conference
C. the Doha Round
D. the UN General Assembly

Correct Answer: Option B


Explanation:
The IMF and World Bank were established at the Bretton Woods Conference in 1944.

This question belongs to: Economy GK Economy Set 1
Question #2
Open Market Operations refer to:
A. sale and purchase of government securities by the RBI
B. issue of new currency notes
C. trading in stock exchanges
D. lending by commercial banks to customers

Correct Answer: Option A


Explanation:
Open Market Operations are the sale and purchase of government securities by the RBI to regulate liquidity.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Goods and Services Tax' on courier services is:
A. 18%
B. 12%
C. 5%
D. 28%

Correct Answer: Option A


Explanation:
Courier services attract 18% GST.

This question belongs to: Economy GK Economy Set 1