New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    The Foreign Trade policy is based on four key pillars.

    Which of the following options accurately represents these pillars?
    A Incentive to Remission, Export promotion through collaboration, Ease of doing business, reduction in transaction cost and e-initiatives, and E-Commerce Developing Districts as Export Hubs and streamlining SCOMET policy. Correct Answer Incorrect Answer
    B Incentive to Remission, Export promotion through collaboration, Ease of doing business, reduction in transaction cost and e-initiatives, and Developing Special Economic Zones (SEZs) and promoting trade agreements Correct Answer Incorrect Answer
    C Incentive to Remission, Export promotion through collaboration, Ease of doing business, reduction in transaction cost and e-initiatives, and Promoting MSME exports and enhancing logistics infrastructure. Correct Answer Incorrect Answer
    D Incentive to Remission, Export promotion through collaboration, Ease of doing business, reduction in transaction cost and e-initiatives, and Focusing on sustainable development and promoting green exports. Correct Answer Incorrect Answer
    E Incentive to Remission, Export promotion through collaboration, Ease of doing business, reduction in transaction cost and e-initiatives, and Enhancing digital trade and supporting startups. Correct Answer Incorrect Answer

    Solution

    Incentive to Remission, Export promotion through collaboration, Ease of doing business, reduction in transaction cost and e-initiatives and E-Commerce Developing Districts as Export Hubs and streamlining SCOMET policy. (i)Incentive to Remission, (ii) Export promotion through collaboration - Exporters, States, Districts, Indian Missions, (iii) Ease of doing business, reduction in transaction cost and e-initiatives, and (iv) Emerging Areas – E-Commerce Developing Districts as Export Hubs and streamlining SCOMET policy.

    Practice Next

    Relevant for Exams: