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A ceiling on the quantity of commodity to be imported into the country is called

Commerce
WAEC 2012

A ceiling on the quantity of commodity to be imported into the country is called

  • A. ban
  • B. tariff
  • C. price limit
  • D. quota
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Correct Answer: Option D
Explanation

Quota; is a limited quantity of a particular product which under official controls can be produced, exported, or imported.

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Post UTME Past Questions Agent
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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