A ceiling on the quantity of commodity to be imported into the country is called
Answer Details
A ceiling on the quantity of a commodity to be imported into the country is called a quota. It is a trade restriction that limits the quantity of a particular good that can be imported into a country over a set period. This is usually done to protect domestic industries from foreign competition, to reduce the trade deficit or to promote self-sufficiency. A quota can be imposed on a specific commodity or country, and it can be either a voluntary or mandatory restriction.