Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R).
Assertion (A): Since about the mid-seventies, protectionism has grown alarmingly in the developed countries. This has taken mainly the form of non-tariff barriers (NTBs).
Reason (R): The growing protectionism in industrialised countries is due to the increasing competition from developing and the South-East Asian countries.
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Trade policy: tariffs, quotas and protection has come up 63 times in 6 exams since 2010.
This question is on Quotas, tariff-quota equivalence and non-tariff barriers, part of Trade policy: tariffs, quotas and protection in International Economics.
Quantity limits on trade and how they compare with tariffs.
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Question from the UGC-NET 2025 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.