Tax on imports is an example of a ____.

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

Tax on imports is an example of a Trade barrier.
To protect the free flow of international exchange of goods and services into the country, government-imposed trade barriers on imports and exports. It is also known as an indirect tax. It comprises taxes on both imports and exports of international trade. The government uses trade restrictions to control foreign trade and decide what kinds of products and how much should come into the country. Trade barriers on imports will be implied, such as import duties, a tax on imports, etc. It will help the government control the data and the exchanges happening in the country.

Watch 3-min video & get full concept clarity

tricks from toppers of Infinity Learn

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

🔥 Start Your JEE/NEET Prep at Just ₹1999 / month - Limited Offer! Check Now!

Get Expert Academic Guidance – Connect with a Counselor Today!

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET