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Which statement best explains Quota?

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Question ID #25746 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Globalization Sectional Test 2026 Medium

Which statement best explains Quota?

Correct Answer: C. Quantitative restriction on the amount of a good that may be imported or exported
Quota: Quantitative restriction on the amount of a good that may be imported or exported

Question: Which statement best explains Quota?

A. Increasing cross-border integration of economies, societies, technology and information

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

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

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

Correct Answer: C. Quantitative restriction on the amount of a good that may be imported or exportedQuota: Quantitative restriction on the amount of a good that may be imported or exported

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Which statement best explains Quota? - MCQ Explanation

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Correct answer: C. Quantitative restriction on the amount of a good that may be imported or exported