___________ is a tax on imported goods.

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Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

___________ is a tax on imported goods.

Options:

Excise

GST

Quota

Tariff

Correct Answer:

Tariff

Explanation:

Tariffs are a tax on imported goods; they make imported goods more expensive and discourage their use.