Question

The objective of commercial trade policy is/are
Protect domestic market
Restrict import of goods
All of these
Increase trade relations​

Answer 1

Answer:

yes

Explanation:

The main objectives of the modern commercial policy are: First, to increase the quantity of trade with foreign nations. Second, to preserve, the essential raw material for encouraging the development of domestic industries. ... Fifth, to restrict imports for securing diversification of industries.

Answer 2

Answer:

Concept:

Commercial trade policy means the policy which is declared by the government to control the procedure of import and export at the beginning of the fiscal year.

Find:

The objective of commercial trade policy is

Given:

The objective of commercial trade policy

Explanation:

Commercial trade policy means the policy which is declared by the government to control the procedure of import and export at the beginning of the fiscal year.

The objectives of commercial policy

• Maintaining equilibrium in the balance of payments and balance of trade Attaining favourable terms of trade.

• Promoting exports to derive the full benefits of comparative advantage and also to finance the country's import requirements.

• Import substitution to protect domestic production

• Ensuring adequate availability of imported goods for both development and other purposes

• Keeping the internal and external values of the national currency at desired levels.

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