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Question : A Trade Policy consists of

Option 1: Export-Import Policy

Option 2: Licencing Policy

Option 3: Foreign Exchange Policy

Option 4: Balance of Payment Policy


Team Careers360 8th Jan, 2024
Answer (1)
Team Careers360 20th Jan, 2024

Correct Answer: Export-Import Policy


Solution : The correct answer is the Export-Import Policy.

Export-Import Policy is a component of trade policy. Trade policy is the set of rules and agreements that govern overseas imports and exports. These policies are country-specific and are developed by elected leaders. Tariffs, quotas, subsidies and technological trade obstacles are examples of export-import policies.

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