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Which statement best explains Trade liberalization?

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Question ID #26932 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC 2026 Full-Length Mock Test 5 Medium

Which statement best explains Trade liberalization?

Correct Answer: A. Reduction of tariffs and non-tariff barriers to international trade
Trade liberalization: Reduction of tariffs and non-tariff barriers to international trade

Question: Which statement best explains Trade liberalization?

A. Reduction of tariffs and non-tariff barriers to international trade

B. Quantitative restriction on the amount of a good that may be imported or exported

C. Multilateral body dealing with rules of international trade

D. Development institution providing finance and knowledge for development

Correct Answer: A. Reduction of tariffs and non-tariff barriers to international tradeTrade liberalization: Reduction of tariffs and non-tariff barriers to international trade

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Which statement best explains Trade liberalization? - MCQ Explanation

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Correct answer: A. Reduction of tariffs and non-tariff barriers to international trade