Question

What is the key purpose of the Tariff Rate Quota (TRQ)

Q: Answer-What is the key purpose of the Tariff Rate Quota (TRQ) mechanism as outlined in the RBI circular on...

The circular on Import of Gold by TRQ Holders under the India-UAE CEPA outlines the purpose of the TRQ mechanism to regulate the import of gold at preferential tariff rates within specified limits.

mechanism as outlined in the RBI circular on the import of gold by TRQ holders?

A To increase gold reserves in India

B To regulate the import quantity of gold at preferential tariffs

C To encourage foreign investments in India

D To promote the sale of domestic gold

E To control the price of gold domestically

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What is the key purpose of the Tariff Rate Quota (TRQ)

Solution