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The Revenue Department in the Finance Ministry has imposed anti-dumping duty on import of 'Ofloxacin' used in certain infections (in 2018). Consider the following statements, and select which of it is incorrect.
  • a)
    Anti-dumping duty has been imposed on Ofloxacin, imported from China.
  • b)
    The anti-dumping duty has been imposed for 3 years.
  • c)
    Anti-dumping duty is an import duty imposed by government on imported products
  • d)
    Anti-dumping duty is used as protectionist measure under UN to protect domestic producers
  • e)
    Anti-dumping duty is aimed at ensuring fair trade practices
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
The Revenue Department in the Finance Ministry has imposed anti-dumpi...
Anti-dumping duty has been imposed on 'Ofloxacin', a pharma product used in treatment of infection from China. It was imposed for three years, following recommendations of DGAD. Anti-dumping duty acts as protectionist and counter import measure used by a country under multilateral WTO regime (and not under UN) to protect its domestic producers and marked from below cost/ cheap imports.
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The Revenue Department in the Finance Ministry has imposed anti-dumping duty on import of 'Ofloxacin' used in certain infections (in 2018). Consider the following statements, and select which of it is incorrect.a)Anti-dumping duty has been imposed on Ofloxacin, imported from China.b)The anti-dumping duty has been imposed for 3 years.c)Anti-dumping duty is an import duty imposed by government on imported productsd)Anti-dumping duty is used as protectionist measure under UN to protect domestic producerse)Anti-dumping duty is aimed at ensuring fair trade practicesCorrect answer is option 'D'. Can you explain this answer?
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The Revenue Department in the Finance Ministry has imposed anti-dumping duty on import of 'Ofloxacin' used in certain infections (in 2018). Consider the following statements, and select which of it is incorrect.a)Anti-dumping duty has been imposed on Ofloxacin, imported from China.b)The anti-dumping duty has been imposed for 3 years.c)Anti-dumping duty is an import duty imposed by government on imported productsd)Anti-dumping duty is used as protectionist measure under UN to protect domestic producerse)Anti-dumping duty is aimed at ensuring fair trade practicesCorrect answer is option 'D'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about The Revenue Department in the Finance Ministry has imposed anti-dumping duty on import of 'Ofloxacin' used in certain infections (in 2018). Consider the following statements, and select which of it is incorrect.a)Anti-dumping duty has been imposed on Ofloxacin, imported from China.b)The anti-dumping duty has been imposed for 3 years.c)Anti-dumping duty is an import duty imposed by government on imported productsd)Anti-dumping duty is used as protectionist measure under UN to protect domestic producerse)Anti-dumping duty is aimed at ensuring fair trade practicesCorrect answer is option 'D'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The Revenue Department in the Finance Ministry has imposed anti-dumping duty on import of 'Ofloxacin' used in certain infections (in 2018). Consider the following statements, and select which of it is incorrect.a)Anti-dumping duty has been imposed on Ofloxacin, imported from China.b)The anti-dumping duty has been imposed for 3 years.c)Anti-dumping duty is an import duty imposed by government on imported productsd)Anti-dumping duty is used as protectionist measure under UN to protect domestic producerse)Anti-dumping duty is aimed at ensuring fair trade practicesCorrect answer is option 'D'. Can you explain this answer?.
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