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Single Answer MCQ
Q-00015757

What are ‘trade barriers’?

1

Limits on currency exchanges

2

Tariffs and quotas restricting trade

3

Regulations on domestic businesses

4

International trade agreements

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Sandeep Chaturvedi

Sandeep Chaturvedi

CBSE Social Science & Humanities Reviewer

Social science and humanities educator with 14+ years of experience reviewing CBSE SST, economics, commerce, arts, and vocational content.

M.A. HistoryM.A. Political ScienceB.Ed.

Answer and Solution

Answer

B. Tariffs and quotas restricting trade

Solution:

Trade barriers include tariffs and quotas imposed by governments to restrict international trade. They can hinder globalisation by making imports less competitive.

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