2. Questions Bank
  3. 12th Class
  4. Economics
  5. Financial Market / वित्तीय बाजार

12th Class Economics Financial Market / वित्तीय बाजार Question Bank MCQs - Balance of Payments

  • question_answer
    What will be the likely impact of increase in tariff on balance of trade keeping other things unchanged?

    A) Improve

    B) Deteriorate

    C) Remain constant

    D) None of the above

    Correct Answer: A

    Solution :

    A tariff is a tax on import, which makes imports expensive in the domestic market. The rise in tariff keeping exports unchanged, will likely to have a positive impact on BoT.


You need to login to perform this action.
You will be redirected in 3 sec spinner