The correct answer is.
What is meant by Quota (darbandi)?
A quota is a government-imposed trade restriction that limits the number or monetary value of goods that a country can import or export during a particular period. Countries use quotas in international trade to help regulate the volume of trade between them and other countries.
What is a quota in international trade?
quota, in international trade, a government-imposed limit on the quantity, or in exceptional cases the value, of the goods or services that may be exported or imported over a specified period of time.
What are quota and their types?
The Tariff Quota:
Under this system, the import of a commodity up to a specified quantity is allowed to be imported duty-free or at a special low rate of duty. But imports in excess of this fixed limit are charged a higher rate of duty. The tariff quota thus combines the features of a tariff with those of a quota.
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