ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Country C will tax imported apples to protect its apple growers.
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Tariff
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Quota
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Subsidy
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Embargo
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Standard
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Explanation:
Detailed explanation-1: -India imports most of its Fresh fuji apple from China, United States and New Zealand and is the largest importer of Fresh fuji apple in the World. The top 3 importers of Fresh fuji apple are India with 17, 322 shipments followed by Indonesia with 6, 071 and Vietnam at the 3rd spot with 2, 333 shipments.
Detailed explanation-2: -According to Basheer Ahmad Basheer, chief of the Kashmir Valley Fruit Growers cum Dealers Union, even after the suspension of the free trade agreement, Iranian apples entered the Indian market with a 15% import duty and 35% cess making it difficult to compete with its low price.
There is 1 question to complete.