NABTEB QUESTIONS

List the measure which government may take to restrict import. – NABTEB QUESTION

The measure government may take to restrict import are:

1. Import license: Government making it a rule for importers to obtain it before embarking on importation
2. Devaluation of local currency: This will make the importation to be very costly
3. Stiff exchange control regulation: This makes it difficult for importers to obtain foreign exchange to pay for the commodities he might like to import.
4. By encouraging the use of home made products.
5. Imposition of import duties: Heavy tariff which will increase the prices of the goods thus people will desist from buying foreign goods.
6. Quotas: This is discriminatory measure in that a limit is set to the quantity of some goods imported from certain countries.
7. Tax exemption: The government may decide to give out right help to home manufacturers in terms of exempting them from taxes.

Sunday

Share
Published by
Sunday
Tags: NABTEB

Recent Posts

List of Universities Offering Veterinary Medicine in Nigeria

Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…

3 months ago

List of Universities Offering Anthropology in Nigeria

Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…

3 months ago

List of Universities Offering Sociology in Nigeria

Sociology is the scientific study of human society, culture, and behavior. It examines the social…

3 months ago

List of Universities Offering Social Work in Nigeria

Social Work is a profession dedicated to helping individuals, families, and communities to cope with…

3 months ago

List of Universities Offering Religious Studies in Nigeria

Religious studies is an academic discipline that explores the beliefs, practices, and history of various…

3 months ago

List of Universities Offering Public Administration in Nigeria

Public administration is the field of study and practice that focuses on the organization and…

3 months ago