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NTSE Stage 2 SAT 2017 Question Paper
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© examsnet.com
Question : 97
Total: 100
Suppose Indian Farmers sell wheat at Rs. 50 per kg and the international price of wheat is Rs.40 per kg. What is the minimum rate of import duty Government of India must impose on imported wheat so that it does not adversely affect Indian farmers in the domestic market?
10%
20%
25%
30%
Validate
Solution:
Government of India must impose 25% ( is equal to Rs.10) import duty on imported wheat, so that it does not adversely affect Indian farmers in the domestic market
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