The government of India has imposed tariff on steel product as under: 5% ad valorem or 800 per tonne, whichever is higher. It is an example of:

CA Foundation · Business Economics · PYQS · September 2025
The government of India has imposed tariff on steel product as under: 5% ad valorem or 800 per tonne, whichever is higher. It is an example of:
(A) A. Mixed Tariff
(B) B. Compound Tariff
(C) C. Ad valorem Tariff
(D) D. Bound Tariff

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Mixed Tariff

Topics: International Trade

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