Question

What is tariff?

Solution

A tax or duty on imports which can be levied either on physical units, e.g. per tonne or on value. Tariff may be imposed for a variety of reasons including to raise government revenue, to protect domestic industry or low wage imports, to boost domestic employment or to ease a deficit on the balance of payment.

Some More Questions From Indian Economy on The Eve of Independence Chapter

What is life expectancy?

What was the state of secondary sector of the Indian economy on the eve of independence?

What was the state of tertiary sector of the Indian economy on the eve of independence?

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Indian Economy On The Eve Of Independence

What is tariff?

Some More Questions From Indian Economy on The Eve of Independence Chapter

What is life expectancy?

What was the state of secondary sector of the Indian economy on the eve of independence?

What was the state of tertiary sector of the Indian economy on the eve of independence?

What was two fold motive behind systematic de-industrialisation effected by British in pre-independence India?

When did India achieve independence?

What was the purpose of the British colonial rule in India?

What type of Indian economy was at the time when Britishers came to India?

What was the main aim of the Zamindars?

What was the main cause of stagnation in the agricultural sector during the British rule?

Name some notable economists who estimated India’s per capita income during the colonial period.

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