World Economy & Finance

4 questions available

FILTER BY SUBTOPIC

All Major Economies 5 Economic Terms 81 Currencies 4 Central Banks 5 Stock Exchanges 6 International Trade 4 Economic Blocs 4 Financial Institutions 3
Showing 1–4 of 4

Q1.A complete ban on trade with a particular country is known as what?

Medium
A Embargo
B Tariff
C Quota
D Levy
International Trade PMS

Correct Answer: A

An embargo is a total prohibition of commerce with a country.

Q2.A quantitative limit on the amount of a good that may be imported is known as what?

Medium
A Quota
B Tariff
C Subsidy
D Dumping
International Trade FPSC

Correct Answer: A

An import quota limits the quantity of a good that can be imported.

Q3.A tax imposed on imported goods is known as what?

Easy
A Tariff
B Subsidy
C Quota
D Embargo
International Trade PPSC

Correct Answer: A

A tariff is a customs duty imposed on imports.

Q4.Selling goods in a foreign market below cost is known as what?

Medium
A Dumping
B Subsidising
C Hedging
D Arbitrage
International Trade CSS

Correct Answer: A

Dumping is exporting goods at a price below their normal value.