Q8 of 16 Page 53

What is the meaning of quantitative restrictions?

Quantitative restrictions are the non tariff barriers that are imposed by a country on the quantity or value of goods that can be imported and exported.


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6

Distinguish between the following

(i) Strategic and Minority sale


(ii) Bilateral and Multi-lateral trade


(iii) Tariff and Non-tariff barriers.

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Why are tariffs imposed?

 9

Those public sectors undertakings which are making profits should be privatised. Do you agree with this view? Why?

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Do you think outsourcing is good for India? Why are developed countries opposing it?