Which form of tariff is a duty to bring the price of an imported commodity upto the level of the domestic support price of the commodity?

CA Foundation · Business Economics · PYQS · May 2026
Which form of tariff is a duty to bring the price of an imported commodity upto the level of the domestic support price of the commodity?
(A) A. Preferential tariff
(B) B. Bound tariff
(C) C. Applied tariff
(D) D. Variable tariff

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. Variable tariff

Topics: International Trade

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