Asked in PPSC, FPSC and other one-paper exams (compiled from unofficial resources).
Political Science, Law, Economics & Current AffairsEconomics & Trade Terms
What is a duty in the context of international trade?
- A.A ban on certain foreign products
- B.A quota on imported goods
- C.A subsidy for domestic producers
- D.A tax on imports and exportsCorrect answer
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Practice these MCQs in the appQuick fact: A duty in international trade is a tax on imports and exports levied by a government.