McqMate
| Q. |
Custom duty is an instrument of - |
| A. | Monetary Policy |
| B. | Foreign Trade Policy |
| C. | Industrial Policy |
| D. | Fiscal Policy |
| Answer» B. Foreign Trade Policy | |
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Explanation: Custom duty is a tax on imports imposed on an ad valorem basis, i.e, fixed in the form of a percentage on the value of the commodity imported. |
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