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Economics miscellaneous

  1. A Trade Policy consists of
    1. Export-Import Policy
    2. Licencing Policy
    3. Foreign Exchange Policy
    4. Balance of Payment Policy
Correct Option: A

Trade policy, also called Export-Import policy, is a collection of rules and regulations which pertain to trade. Every nation has some form of trade policy in place, with public officials formulating the policy which they think would be most appropriate for their country. Things like import and export taxes, tariffs, inspection regulations, and quotas can all be part of a nation's trade policy.



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