Foreign Trade & International Organizations UPSC Questions

Economics

Foreign Trade & International Organizations MCQ Questions


1.
Foreign Trade Policy _____ of India was declared on 1st of April, 2015
A.
2014-2020
B.
2015-2020
C.
2015-2021
D.
2016-2020
😑 View Answer Rough Work Error
ANSWER :
B. 2015-2020
2.
What are the major objectives of the Foreign Trade policy?
A.
Boost exports
B.
Support co services
C.
Focussed on improving ease of doing business,
D.
All the above
😑 View Answer Rough Work Error
ANSWER :
D. All the above
3.
It was expected from Foreign Trade Policy that the India’s share in world trade is expected to _____ from the present level of 3% by the year 2020.
A.
Double
B.
Triple
C.
Quadruple
D.
Single
😑 View Answer Rough Work Error
ANSWER :
A. Double
4.
MEIS stands for
A.
Merchant Export From India Scheme
B.
Merchant Export From India System
C.
Machine Export From India Scheme
D.
Merchant Expenditure From India Scheme
😑 View Answer Rough Work Error
ANSWER :
A. Merchant Export From India Scheme
5.
Which of the following export schemes are included under MEIS?
A.
Focus Product Scheme
B.
Agri-infrastructure Incentive Scrip
C.
Vishesh Krishi Gram Udyog Yojana
D.
All the above
😑 View Answer Rough Work Error
ANSWER :
D. All the above
6.

Examine the following statements, and choose the option that suits the best.
Statement 1: The main objective of the Merchandise Exports from India Scheme (MEIS) as per Indian Foreign Trade Policy 2015-20 (FTP 2015-20) is to offset infrastructural inefficiencies.
Statement 2: Because it could enhance India’s export competitiveness.

A.

Statement -1 is true, statement -2 is true;
statement -2 is the correct explanation for statement -1.

B.

Statement -1 is true, statement -2 is true;
statement -2 is NOT the correct explanation for statement -1.

C.

Statement -1 is true,
statement -2 is false.

D.

Statement -1 is false,
statement -2 is true.

😑 View Answer Rough Work Error
ANSWER :

A. Statement -1 is true, statement -2 is true;
statement -2 is the correct explanation for statement -1.