Question

Q23. Which of the following is are non-tariff barriers in international trade

1. Labour laws & environmental laws

2. Anti-dumping laws

3. Custom duties

4. Import Quotas

Choose the correct answer

• A. a) iii and iv only
• B. b) ii and iv only
• C. c) ii only
• D. d) i, ii and iv only

Answer 1

The correct option is D d) i, ii and iv only

Ans. D

There are two major types of barriers in international trade viz tariff barriers and non-tariff barriers. These barriers are used to reduce the flow of imports into a country

1. Tariff barriers are taxes imposed on goods imported

Eg: Customs duty

2. Non-tariff barriers are other methods used to reduce imports

Eg. Administrative barriers, Anti-dumping measures, import Quotas Etc