Iift 2011 Question 1
This is a detailed step-by-step solution for Iift 2011 Question 1. Understand the concept, common mistakes, and expert tips to solve similar questions in IIFT exam.
IIFT 2011
Explanation:
In the early 1960s, before the standard container became ubiquitous, freight costs were I0 per cent of the value of US imports, about the same barrier to trade as the average official government import tariff. - Option A is incorrect.
From the 5th paragraph, option B is correct.
It has not been mentioned that imports increased Option C is incorrect.
The weight of boxes were the real reason, not the size. Option D is wrong.
Hence, option B is the correct answer.