alleryIf a government raises tariffs on imported steel, this is an example of
Aliberalisation
Bexport incentive
Csubsidy to consumers
Dprotectionism using trade barriers
Answer & Solution
Correct answer: D. protectionism using trade barriers
1. Higher import tariffs raise the price of imports, sheltering domestic producers.
2. This is protectionism via trade barriers.
3. It is the opposite of liberalisation.
_Source: syllabus Understanding Economic Development, Ch 4 "Globalisation and the Indian Economy"_
Keep practising Economic Development & Banking
Browse all Economic Development & Banking questions for CBSE Class 10, or explore more Social Science topics.
Related questions
What must every e-commerce entity display under the 2019 Act?Which authority was set up under the Consumer Protection Act, 2019?What is a mediator in consumer disputes?Which is a weakness of the consumer redressal process in India?Why is evidence hard to gather in many small purchases?Roughly how many consumer groups exist in India, per NCERT?Which of these goods must be certified before sale in India?For which product is certification mandatory for producers?