Foreign Trade Policy — Prelims Questions

Consider the following statements about India's Foreign Trade Policy 2023: 1. It aims to achieve USD 2 trillion in merchandise exports by 2030 2. RoDTEP scheme replaces MEIS with better WTO compliance 3. The policy allows SEZ units to sell 100% of their production in domestic market 4. Digital processing is mandatory for all export-import procedures Which of the statements given above are correct?

Which of the following best describes the 'Advance Authorization' scheme under India's Foreign Trade Policy?

Consider the following pairs: Export Promotion Scheme : Key Feature 1. RoDTEP : Remission based on actual tax incidence 2. EPCG : Duty-free import of capital goods 3. SEZ : 100% export obligation for all units 4. Duty Drawback : Refund of duties on imported inputs Which of the pairs given above are correctly matched?

The Foreign Trade Policy 2023's emphasis on 'quality over quantity' in exports is reflected in which of the following measures? 1. Focus on high-value manufacturing sectors 2. Integration of sustainability considerations 3. Promotion of technology-intensive exports 4. Emphasis on brand building and quality certification Select the correct answer using the code given below:

Which of the following statements about India's withdrawal from RCEP is/are correct? 1. India was concerned about trade deficit with China 2. Inadequate safeguard mechanisms were a major concern 3. Limited market access for Indian services was an issue 4. India withdrew due to pressure from domestic industry Select the correct answer using the code given below: