MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

IMF Loan and Conditons

‘The Governme...

Question

‘The Government of India removed all the taxes & tariffs on the import of luxury cars'. This is an example of:

A

Barrier removal

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Globalisation

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Liberalisation

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

FDI attraction

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Liberalisation

Suggest Corrections

thumbs-up

1

Similar questions

Q. Michael established a cotton spinning mill in the United States of America and imported raw cotton from India. However, while importing raw materials from India, the United States government imposed high tariffs. Similarly, India imposed high taxes on the clothes imported from the USA.

Based on the above information, answer the following questions:
(a) Why did the USA impose trade barriers?
(b) How can the problem of trade barriers be resolved?

Q. Government Procurement Policy is an example of Tariff barrier under WTO

Q. Tax on imports is an example of __________

Q. Liberalization of trade means government has removed the tariff, subsidies and other restrictions on the flow of goods and services between _________.

Q. The Government of India collects taxes from its citizens. What, according to you, is done with this money?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

The Paradigm Shift

ECONOMICS

Watch in App

explore_more_icon

Explore more

IMF Loan and Conditons

Standard XII Economics

Join BYJU'S Learning Program

CrossIcon