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Q:

The term 'Dumping' refers to

A) The sale of a sub­standard commodity B) Sale in a foreign market of a commodity at a price below marginal cost
C) Sale in a foreign market of a commodity just at marginal cost with too much of profit D) Smuggling of goods without paying any customs duty

Answer:   B) Sale in a foreign market of a commodity at a price below marginal cost



Explanation:
Subject: Indian Economy
Exam Prep: Bank Exams
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Answer & Explanation Answer: A) Developed countries will completely ban CFC production by 2000

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Which of the following should always be balanced in the foreign trade of India?

 

 

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