alleryA trade barrier is
Aa wall on the border
Brule banning local trade
Ctax on income
Da restriction (like tariff or quota) imposed by government on imports or exports
Answer & Solution
Correct answer: D. a restriction (like tariff or quota) imposed by government on imports or exports
1. Trade barriers include tariffs, import quotas and licences.
2. Governments use them to control imports or protect domestic industry.
3. Liberalisation = removing such barriers.
_Source: syllabus Understanding Economic Development, Ch 4 "Globalisation and the Indian Economy"_
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