Millionaire Mode

Classification of Goods: Decoding the Harmonized System

Question 1 of 15

What is the primary purpose of the Harmonized System (HS)?

  1. To facilitate international trade by providing a standardized system for classifying goods.
  2. To impose tariffs and duties on imported goods.
  3. To regulate the movement of goods across borders.
  4. To collect statistical data on traded goods.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000