The physical limitation of quantities of different products to be imported from foreign countries within a specified period of time 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
• 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
• When a uniform rate of duty is imposed on all similar commodities irrespective of the country from which they are imported, it is called
• When government levies import duties which varies with prices of commodities imported , it is called
• In balance of payments account, all goods exported and imported are recorded in
• Lending to foreign countries represents
• The fundamental reason why different countries involve in transactions with one another is the
• The ratio between the quantities of a country’s imports to its exports is known as
• Payment to foreign country is a
• The current account BOP deficit will be beneficial for the economy if foreign borrowings are used to finance