When a uniform rate of duty is imposed on all similar commodities irrespective of the country from which they are imported, it is called

Related MCQs

• A quota system which allows a certain specified quantity of a commodity to be imported duty free or at a low rate of import duty is
• When government levies import duties which varies with prices of commodities imported , it is called
• In case of Mill’s theory, where country A produces good X and country B produces good Y, if country A’s demand for product Y increases, then country A’s offer curve will
• The quota system in which domestic producers of a quota fixing country are required to make use of both domestic raw materials and a specified proportion of imported raw materials to produce a product
• A tariff or import duty which are a combination of the ad valorem and specific duty
• In balance of payments account, all goods exported and imported are recorded in
• A tax or duty levied on goods when it enters or leave the national boundary of a country is called
• The physical limitation of quantities of different products to be imported from foreign countries within a specified period of time is called
• The difference in the domestic cost ratios of producing two commodities in two countries is known as
• The difference in price ratios of two commodities in the two trading countries is