CBSE · Class 10 · Social Science · Economics: Globalisation and the Indian EconomyTax on imports is an example of:
Step-by-Step Solution
Tax on imports is an example of a trade barrier. It is called a barrier because some restriction has been increased on trade.
Detailed Options Breakdown
Option : Foreign Trade
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Globalisation and the Indian Economy.
Option 1: Trade Barrier (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Liberalisation
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Globalisation and the Indian Economy.
Option 3: Privatisation
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Economics: Globalisation and the Indian Economy.
💡 Study Guide: This question tests core syllabus concepts from Economics: Globalisation and the Indian Economy. For formulas, key summaries, and mock exam reference guides, read the full Economics: Globalisation and the Indian Economy Revision Notes.