Match the items of List – I with the items in List – II and select a correct code : Codes : a b c dList – I List – II a. Vishesh Krishi Upaj Yojana i. Scheme intended to reduce difficulties of exporters b. EPCG ii. Duty Entitlement Pass Book c. DFRC iii. To boost exports of fruits, vegetables, flowers, minor forest produce etc. d. DEPB iv. Relating to import of duty free fuel
iii i iv ii
Vishesh Krishi Upaj Yojana (Special Agricultural Produce Scheme), introduced in 2004, gave duty credit scrips to promote exports of fruits, vegetables, flowers, minor forest produce, dairy and poultry products and their value-added products: a matches with iii.
EPCG (Export Promotion Capital Goods) scheme allows exporters to import capital goods at a concessional or zero customs duty, subject to an export obligation. By lowering the cost of modernising plant and machinery, it is meant to reduce the difficulties exporters face: b matches with i.
DFRC (Duty Free Replenishment Certificate) allowed duty-free import of inputs, including fuel, oil and energy sources used in making the export product, to replenish those consumed in exports; it was replaced by the Duty Free Import Authorisation in 2006: c matches with iv.
DEPB stands for Duty Entitlement Pass Book, a scheme that credited exporters with a percentage of the export value to neutralise the customs duty on the import content of exports; it was withdrawn from October 2011 and replaced by duty drawback: d matches with ii.
The correct code is a-iii, b-i, c-iv, d-ii. (Under the Foreign Trade Policy 2015–20, Vishesh Krishi Upaj Yojana was later merged into the Merchandise Exports from India Scheme.)
Hence, iii i iv ii.
The highest percentage of export from India went to which of the following regions in 2013-14 ?
The total number of Special Economic Zones notified by the Government of India till March 2011 under the SEZ Act, 2005 is
Foreign trade can contribute manifold to the growth. With reference to the role of foreign trade in economic development, which of the following statements is correct?
I. It enhances the welfare of domestic workers.
II. It helps to reduce poverty completely in all developing countries.
The Government of India on 27-9-22 extended the existing Foreign Trade Policy (2015-20) up to which one of the following on account of volatile global economic and geo-political situation and currency fluctuations?
Which of the following is true about India Trade Policy (Export-Import), 2015-2019?
a) Doubling the exports (both merchandise and services)
b) Achieve 3.5% share in global exports
c) Introduced two new schemes (MEIS and SEIS)
d) Introduced simplified Aayat-Niryat Form
Choose the correct answer from the following: