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12th Class Economics Financial Market / वित्तीय बाजार Question Bank Case Based MCQs - Balance of Payments

  • question_answer
    If government increase tariff on import of goods, how it will impact the state of BoP?

    A) This will lead to inflow of foreign exchange

    B) This will lead to outflow of foreign exchange

    C) There will be no impact on the state of BoP

    D) Can't be predicted

    Correct Answer: D

    Solution :

    A tariff on imports will make international goods expensive in domestic market which leads to fall in demand for such goods and fall in outflow of foreign currency.


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