Tariff Rate Quotas (TRQ) refer to:

CA Foundation · Business Economics · MTP · September 2025
Tariff Rate Quotas (TRQ) refer to:
(A) A. Export quotas only
(B) B. Prohibited tariffs
(C) C. Low tariff for a quota and high tariff beyond
(D) D. Elimination of tariff and quota

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Low tariff for a quota and high tariff beyond

Topics: International Trade

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