New Enroll in RBI Grade B New Batch - Starts on May 21

    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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