Question

Assertion (A): Tax on imports known as a trade barrier.
Reason (R): It decreases the price of imported
commodities.

a. Both A and R are true and R is the correct explanation of A

b. Both A and R are true but R is not the correct explanation of A

c. A is correct but R is wrong

d. A is wrong but R is correct​

Answer 1

Explanation:

Answer. Tax on imports imposed by the government to regulate foreign trade and investment is known as a trade barrier. Government imposed barriers on foreign trade and investment for the following reasons : (i) The competition from importers would have crippled the new-born industries of India.

Answer 2

Answer:

c) A is correct but R is wrong