New IRDAI 2024 Notification Out - 2 Lac+ Salary - Enroll Now!!

    Register

    Question

    Dumping refers to:

    A Reducing tariffs Correct Answer Incorrect Answer
    B Sale of goods abroad at low a price, below their cost and price in home market Correct Answer Incorrect Answer
    C Buying goods at low prices abroad and selling at higher prices locally Correct Answer Incorrect Answer
    D Expensive goods selling for low prices Correct Answer Incorrect Answer

    Solution

    Dumping is a term used in the context of international trade. It's when a country or company exports a product at a price that is lower in the foreign importing market than the price in the exporter's domestic market.

    Practice Next