Question

Which of the following is not the
objective is not the policy of
commercial trade policy
to preserve foreign exchange
reserve
a
To maintain the favourable
balance of payment
O
To determine the rate of
interest
O
To protect the industries from
foreign competition​

Answer 1

Answer:

To protect the industries from foreign competition

Answer 2

To determine the rate of interest is not an objective.

• The policy refers to the rules and practises that govern how businesses and persons in one nation conduct business with one another.
• At the start of the fiscal year, the government declares a commercial policy to oversee the process of import and export.
• The major goal is to increase and decrease export and import in order to achieve independence.
• It maintains a favourable trade balance and also safeguards industries from foreign competition.