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Q: Consider following statements on tariffs & quotas1. tariffs | SecureIAS : Secure IAS Official Channel of Secure IAS

Q: Consider following statements on tariffs & quotas1. tariffs directly impact the value of imports & quotas aim to curb volume of imports. 2. Both tariffs & quotas restrict imports & protect domestic firm Which of d above statements is/are correct?
Anonymous Quiz
13%
a. only1
28%
b. only b
55%
c. both
4%
d. none of these
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