Which statement about Republic Act No. 911 is true?

Study for the Tariff Law 2 – Tariff Commission Exam. Utilize flashcards and multiple choice questions, enhanced with hints and explanations. Prepare efficiently for your test!

Multiple Choice

Which statement about Republic Act No. 911 is true?

Explanation:
Republic Act No. 911 established the Tariff Commission as an independent government agency, giving it a specialized and relatively autonomous mandate to study and advise on tariff policy and related trade measures. This independence is key because it keeps tariff analysis from being entangled with revenue-raising priorities of other departments, enabling objective, expert recommendations on duties, import controls, and protective measures. The other statements don’t fit because the Department of Finance isn’t created by this act, there was no provision in this act merging the Tariff Commission into the National Economic and Development Authority, and establishing Foundation Day has no relevance to the creation of a tariff-focused agency. So the true statement is that Republic Act No. 911 created the Tariff Commission as an independent government agency.

Republic Act No. 911 established the Tariff Commission as an independent government agency, giving it a specialized and relatively autonomous mandate to study and advise on tariff policy and related trade measures. This independence is key because it keeps tariff analysis from being entangled with revenue-raising priorities of other departments, enabling objective, expert recommendations on duties, import controls, and protective measures. The other statements don’t fit because the Department of Finance isn’t created by this act, there was no provision in this act merging the Tariff Commission into the National Economic and Development Authority, and establishing Foundation Day has no relevance to the creation of a tariff-focused agency. So the true statement is that Republic Act No. 911 created the Tariff Commission as an independent government agency.

Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy