HISTORY
HISTORY OF THE MIDDLE EAST
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
a decision to prevent certain goods from being imported?
|
|
|
a tax placed on imported goods when they enter the country
|
|
|
a tax placed on goods when they are purchased in the market place
|
|
|
a limit to the number or amount of a foreign-produced good that is allowed into a country
|
Detailed explanation-1: -A quota is a government-imposed trade restriction that limits the number or monetary value of goods that a country can import or export during a particular period. Countries use quotas in international trade to help regulate the volume of trade between them and other countries.
Detailed explanation-2: -Apart from this, under normal NRI quota, the Government of Karnataka reserves 15% seats for Non-Resident Indian / Foreign students who want to pursue their higher education in India. Eligibility criteria for NRI seats.
Detailed explanation-3: -quota. noun. quo·ta ˈkwō-tə : a proportional part or share assigned to each in a body. : a specific amount that serves as a minimum or maximum.
Detailed explanation-4: -A tariff quota permits the import of a certain quantity of a commodity duty-free or at a lower duty rate, while quantities exceeding the quota are subject to a higher duty rate.
Detailed explanation-5: -A quota can be used to regulate or restrict trade by limiting the number of imports and exports of a certain good. Quotas can also be used to limit the production of a good. By regulating the quantity produced, the government can influence the price level.