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Question

Match the items of List – I with the items in List – II and select a correct code :

List – IList – II
a.Vishesh Krishi Upaj Yojanai.Scheme intended to reduce difficulties of exporters
b.EPCGii.Duty Entitlement Pass Book
c.DFRCiii.To boost exports of fruits, vegetables, flowers, minor forest produce etc.
d.DEPBiv.Relating to import of duty free fuel

Codes :

a b c d

This question was previously asked in
UGC NET 2014 Paper 1 Question Paper (28-Dec-2014)
The correct answer is

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exporters with a percentage of the export value to neutralise the customs duty on the import content of exports; it was withdrawn from October 2011 and replaced by duty drawback: d matches with ii.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.

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