India’s foreign trade policy is known as :
EXIM policy
India's policy governing exports and imports has traditionally been called the Export-Import (EXIM) Policy. It was announced by the Union government through the Directorate General of Foreign Trade under the Foreign Trade (Development and Regulation) Act, 1992, generally for a five-year period, and lays down the rules, incentives and procedures for foreign trade. From 2004 it was issued under the title Foreign Trade Policy, but it continued to be widely referred to as the EXIM policy.
The other choices cover different areas. An exit policy deals with the closure of firms or the release of labour and capital from sick units. The FDI policy, issued by the Department for Promotion of Industry and Internal Trade, governs foreign direct investment inflows rather than trade in goods. Monetary policy is the Reserve Bank of India's management of money supply, interest rates and credit.
EXIM policy option is correct.
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