Choose the given statement is True/False

To increase the free flow of goods in the Indian markets, the Indian government put trade barriers.

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True

False

answer is B.

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Detailed Solution

The given statement is not correct.
The government has the authority to erect trade barriers on products and services in order to safeguard the free flow of imports into the nation. It includes taxes on both the imports and exports of goods. The government decides what sorts of goods and how much should enter the nation through trade and utilises trade barriers to regulate foreign commerce. Import duties, import taxes, and quotas that limit the number or quantity of commodities that may be imported or exported will all constitute implicit trade barriers to imports. This limits international trade and makes it simple for the government to get information.
To check the free flow of goods in the Indian markets, the Indian government put trade barriers.

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