πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

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

      mechanism as outlined in the RBI circular on the import of gold by TRQ holders?
      A To increase gold reserves in India Correct Answer Incorrect Answer
      B To regulate the import quantity of gold at preferential tariffs Correct Answer Incorrect Answer
      C To encourage foreign investments in India Correct Answer Incorrect Answer
      D To promote the sale of domestic gold Correct Answer Incorrect Answer
      E To control the price of gold domestically Correct Answer Incorrect Answer

      Solution

      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.

      Practice Next
      ask-question