Question

What is the full form of QRs?

Options

• Quantitative Restrictions

• Qualitative Restrictions

• Quality Restrictions

• None of the above

Answer 1

Quantitative Restrictions

Explanation:

Quantitative Restrictions (QRs) are limits or quotas on the number of goods that can either be imported or exported. imports and exports QR codes are commonly found on imports. Non-tariff measures (NTMs) are imposed on imports of foreign goods and should be discouraged in order to reduce BOP imbalances. The requirement QRs provide a boost to domestic businesses. to survive, flourish, and expand in a safe and secure environment in a less competitive marketplace.