Q36: Which statement best explains Tariff? | UPSC EPFO APFC 2026

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Which statement best explains Tariff?

Practice this MCQ with options, instant answer checking, explanation, exam-wise filters, next/previous navigation and shareable result image.

Question ID #27564

Which statement best explains Tariff?

Correct Answer: B. Tax imposed on imported or exported goods

Question: Which statement best explains Tariff?

A. Process through which countries coordinate or combine economic policies and markets

B. Tax imposed on imported or exported goods

C. Multilateral body dealing with rules of international trade

D. Trade principle requiring imported products to be treated no less favourably than like domestic products after entry

Correct Answer: B. Tax imposed on imported or exported goods

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Which statement best explains Tariff? - MCQ Explanation

This question is useful for exam preparation because it provides direct multiple-choice practice with options, answer checking and explanation.

Correct answer: B. Tax imposed on imported or exported goods