General Knowledge MCQ #633

When no tariffs are imposed on all imports and exports, it is called:

General Knowledge MCQ #633

  1. Question 1

    Q1. When no tariffs are imposed on all imports and exports, it is called:

    • A) Preferential Trade
    • B) Free Trade
    • C) Balance of Trade
    • D) Non-tariff Barriers

    Answer: Free Trade

    Explanation: Free trade is a policy where governments impose no tariffs, quotas, or other trade barriers on imports and exports between countries.