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    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.

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