Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Business Studies Finance and Trade International Trade
If the nominal tariff rate (t) on consumers of the final commodity is 10 per cent, the ratio of the cost of the imported put to the price of the final commodity in the absence of tariffs (ai) is = 0.8, and the nominal tariff rate on the imported input (ti) = 0, then find the rate of effective protection.
1
5%
2
8%
3
50%
4
10%