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The Standard Model

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What is the meaning of quantitative restrictions?

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Solution

Quantitative restrictions are non tariff barriers imposed on the amount of imports and exports.

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What is the meaning of quantitative restrictions?

Q. Quantitative Restrictions have been removed for all kinds of imported consumer goods, except ___________.

Q. Quantitative restrictions on imports of manufactured consumer goods and agricultural products were fully removed from _____.

Q. India abolished the quantitative restrictions on imports of 1429 items in the years 2000 and 2001 as per the commitment to which of the following?

Q23. Consider the following statements about Safeguards Duty:

1. Safeguards give domestic producers a period of grace to become more competitive vis-à-vis imports.

2. Safeguards usually take the form of increased duties to higher than bound rate or standard rates or quantitative restrictions on imports.

Which of the above statements are correct?

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