MENU
Question -

 What is the meaning of quantitative restrictions?



Answer -

It refers to clearly defined limits and quotas on the physical commodities that can be exported or imported during a specific time period. Limits can be made on a selective basis based on varying limits of goods as per country or destination. Quantitative restrictions have a greater protective effect as compared to tariff measures and results in distorting free trade. When quantitative restrictions are used by a trading partner export cannot be done beyond the quota that is set.

Comment(S)

Show all Coment

Leave a Comment

Free - Previous Years Question Papers
Any questions? Ask us!
×