HomeTestsSearchRankProfile
mediumMCQIndian Competitive Exam2026Economics
1 mark

Dumping refers to:

  1. A
    In abroad buying of goods at low prices and selling at higher prices locally
  2. B
    Expensive goods selling for low prices
  3. C
    Reducing tariffs
  4. D
    In abroad Sale of goods at a lower price, below their cost and price in their home market

Solution & Step-by-step Explanation

In international trade, dumping is a practice where a company exports a product to another country at a price lower than the price it normally charges in its own home market, or even below its cost of production, often to gain market share or drive out competitors.

Practice this question

Try it yourself before checking the explanation above.

Dumping refers to:
A
In abroad buying of goods at low prices and selling at higher prices locally
B
Expensive goods selling for low prices
C
Reducing tariffs
D
In abroad Sale of goods at a lower price, below their cost and price in their home market

Share This Question

International TradeDumpingCommerce

Related Questions

easyMCQ

Which one of the following statements is true?

easyMCQ

Which of the following statements is not correct?

easyMCQ

Which one of the following statements is correct?

easyMCQ

The product formed by the reaction of an aldehyde with a primary amine is:

easyMCQ

Which part of the tobacco plant is infected by Meloidogyne incognita?

easyMCQ

The term ecosystem was coined by:

Ready for a Full Test?

Practice with timed mock tests and track your performance across Economics.

Browse TestsLeaderboard

Discussion