Which of the following tariff is charged on imports on most-favoured nation (MFN) basis:

CA Foundation · Business Economics · MTP · June 2024
Which of the following tariff is charged on imports on most-favoured nation (MFN) basis:
(A) A. bound tariff
(B) B. applied tariff
(C) C. prohibitive tariff
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. applied tariff

Topics: International Trade

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