GATE 2026 Question 49: Trade policy: tariffs, quotas and protection
Match Column I with Column II
Column I
Column II
P. Infant Industrialization
1. When a firm charges lower prices in the export market than in the domestic market
Q. High Performing Asian Economy
2. Industrialized not via import substitution but via export promotion of manufactured goods
R. National Procurement
3. New industries need a temporary period of protection from foreign companies
S. Dumping
4. Government or publicly regulated firms are directed to purchase expensive domestic goods than cheap imports
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Trade policy: tariffs, quotas and protection has come up 63 times in 6 exams since 2010.
What this question tests
This question is on Dumping, effective protection and industrial policy, part of Trade policy: tariffs, quotas and protection in International Economics.
Price discrimination across borders, protection of value added, and trade-related industrial policy.
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