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  3. 12th Class
  4. Economics
  5. Liberalisation, Privatisation and Globalisation

12th Class Economics Liberalisation, Privatisation and Globalisation Question Bank MCQs - Liberalisation, Privatisation and Globalisation

  • question_answer
    ......... is a trade barrier which makes imported goods costlier and thus restricts trade.

    A) Tariff

    B) Quota

    C) Export Duty 

    D) None of these

    Correct Answer: A

    Solution :

    Tariff increases the price of imported goods and thus make them costlier in comparison to domestic products. It is usually imposed to protect the domestic industries.


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