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Question : Custom duty is an instrument of

Option 1: Monetary policy

Option 2: Foreign trade policy

Option 3: Industrial policy

Option 4: Fiscal policy


Team Careers360 10th Jan, 2024
Answer (1)
Team Careers360 21st Jan, 2024

Correct Answer: Foreign trade policy


Solution : The correct answer is foreign trade policy .

Custom duty is also used in foreign trade policy. A system of laws and regulations that manage the movement of commodities and services between nations is known as foreign trade policy. Governments use foreign trade policy to achieve many economic purposes, including protecting domestic sectors, promoting exports and regulating trade.

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