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  9. Q142

BPSC (Bihar PCS) 2023 · Question 142 of 150

Consider the following statements about 'Rules of Origin': 1. Rules of Origin are the criteria needed to determine the national source of a product. 2. Rules of Origin help the custom agencies to know what regulations and fees apply to a given product. 3. These are used for the purpose of trade statistics. 4. Their importance is derived from the fact that duties and restrictions in several cases depend upon the sources of imports. Which of the above statements are correct?

Economy

  1. AOnly 1, 3 and 4
  2. BOnly 1 and 2
  3. COnly 3 and 4
  4. DAll of the aboveCorrect

Answer: D. All of the above

Explanation

All four statements about Rules of Origin are correct.

Source: 69th BPSC Prelims 2023 (Set B)

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