[amp_mcq option1=”Home Shopping Network” option2=”Harmonised System of Nomenclature” option3=”Harmonised System Number” option4=”Home State Number” correct=”option2″]<\/p>\n
The correct answer is B. Harmonised System of Nomenclature.<\/p>\n
The Harmonised System of Nomenclature (HSN) is an international system of names and numbers used to classify traded products. It was developed by the World Customs Organization (WCO) and is used by over 200 countries and territories. The HSN is based on a six-digit code, with each digit representing a different level of detail. The first two digits of the code identify the chapter of the HSN, the next two digits identify the heading, and the last two digits identify the subheading. The HSN is used to classify goods for customs purposes, such as determining the applicable tariff rate and other taxes. It is also used for statistical purposes, such as tracking the flow of goods in international trade.<\/p>\n
Option A is incorrect. Home Shopping Network is an American television network that sells products directly to consumers.<\/p>\n
Option C is incorrect. Harmonised System Number is a term that is sometimes used to refer to the HSN, but it is not the official name of the system.<\/p>\n
Option D is incorrect. Home State Number is a term that is sometimes used to refer to the number that is assigned to a state by the United States government.<\/p>\n","protected":false},"excerpt":{"rendered":"
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