Economics · Customs Duties
Apart from generating revenue, what is the primary regulatory function of import and export duties for the Central Government?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To monitor the production capacity of public sector units
- 2To stabilize the foreign exchange reserves directly
- 3To regulate foreign trade and protect domestic industries✓
- 4To control domestic inflation and price levels
Correct answer
To regulate foreign trade and protect domestic industries
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