{"id":246345,"date":"2026-06-25T21:57:48","date_gmt":"2026-06-25T16:27:48","guid":{"rendered":"https:\/\/www.oliveboard.in\/blog\/?p=246345"},"modified":"2026-06-25T21:57:51","modified_gmt":"2026-06-25T16:27:51","slug":"jaiib-ie-ifs-foreign-trade-policy","status":"publish","type":"post","link":"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/","title":{"rendered":"Attempt JAIIB IE &amp; IFS Foreign Trade Policy Quiz, and Download PDF"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_77 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#What_is_Foreign_Trade_Policy_in_JAIIB_IE_IFS\" >What is Foreign Trade Policy in JAIIB IE &amp; IFS?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#Download_Practice_Quiz_on_Foreign_Trade_Policy\" >Download Practice Quiz on Foreign Trade Policy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#Attempt_Quiz_on_JAIIB_IE_IFS_Foreign_Trade_Policy\" >Attempt Quiz on JAIIB IE &amp; IFS Foreign Trade Policy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#Sign_Up\" >Sign Up<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#Login\" >Login<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#Forgot_Password\" >Forgot Password<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#i\" >&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#Why_is_Foreign_Trade_important_for_Economic_Development\" >Why is Foreign Trade important for Economic Development?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#What_was_Indias_trade_scenario_before_and_after_1991\" >What was India&#8217;s trade scenario before and after 1991?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#What_are_the_objectives_of_Foreign_Trade_Policy_2015-20\" >What are the objectives of Foreign Trade Policy 2015-20?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#What_are_MEIS_and_SEIS_schemes\" >What are MEIS and SEIS schemes?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#What_are_the_major_features_of_Foreign_Trade_Policy_2015-20\" >What are the major features of Foreign Trade Policy 2015-20?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#How_does_Foreign_Direct_Investment_support_economic_growth\" >How does Foreign Direct Investment support economic growth?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#What_are_the_different_routes_of_FDI_in_India\" >What are the different routes of FDI in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#What_are_Greenfield_Brownfield_and_Joint_Venture_FDI\" >What are Greenfield, Brownfield, and Joint Venture FDI?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#What_is_Foreign_Institutional_Investment_F2\" >What is Foreign Institutional Investment (F2)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#What_is_the_difference_between_Economic_Growth_and_Economic_Development\" >What is the difference between Economic Growth and Economic Development?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/#FAQs\" >FAQs<\/a><\/li><\/ul><\/nav><\/div>\n\n<p>Preparing for the JAIIB IE &amp; IFS examination requires a clear understanding of important topics like Foreign Trade Policy, Foreign Direct Investment, Foreign Institutional Investment, and Economic Development. These concepts are frequently tested in the exam through objective questions and statement-based MCQs. Attempting a Foreign Trade Policy Quiz helps candidates assess their preparation level, identify weak areas, and improve their conceptual understanding. Along with practice questions, a downloadable PDF can serve as a quick revision guide for last-minute preparation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-foreign-trade-policy-in-jaiib-ie-amp-ifs\"><span class=\"ez-toc-section\" id=\"What_is_Foreign_Trade_Policy_in_JAIIB_IE_IFS\"><\/span>What is Foreign Trade Policy in JAIIB IE &amp; IFS?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Foreign Trade Policy (FTP) is an economic policy that guides and regulates a country&#8217;s import and export activities. It aims to promote international trade, improve export performance, increase employment opportunities, and support economic growth. For JAIIB aspirants, Foreign Trade Policy is an important topic because it covers several concepts related to international trade and economic development.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><th>Particulars<\/th><th>Details<\/th><\/tr><tr><td>Meaning<\/td><td>Policy related to imports and exports<\/td><\/tr><tr><td>Objective<\/td><td>Promote international trade<\/td><\/tr><tr><td>Benefit<\/td><td>Increases foreign exchange earnings<\/td><\/tr><tr><td>Impact<\/td><td>Supports employment and production<\/td><\/tr><tr><td>Importance<\/td><td>Enhances economic growth and prosperity<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/jaiib-mock-test\/?ref=contac-jieifs-ftp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt A free JAIIB Mock Test Now!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Download_Practice_Quiz_on_Foreign_Trade_Policy\"><\/span>Download Practice Quiz on Foreign Trade Policy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Prepare effectively for the <a href=\"https:\/\/www.oliveboard.in\/jaiib-notification\/?ref=contac-jieifs-ftp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE &amp; IFS exam<\/a> with a dedicated practice quiz on Foreign Trade Policy. The quiz PDF covers important topics such as Foreign Trade Policy 2015-20, Make in India initiative, export promotion measures, MEIS and SEIS schemes, Ease of Doing Business reforms, Export Promotion Capital Goods (EPCG) Scheme, and the role of foreign trade in India&#8217;s economic development.<\/p>\n\n\n\n<p class=\"has-text-align-center has-medium-font-size\"><strong><a href=\"https:\/\/www.oliveboard.in\/jaiib-ie-and-ifs-topic-wise-practice-quiz-pdf\/?ref=contac-jieifs-ftp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download PDF<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Attempt_Quiz_on_JAIIB_IE_IFS_Foreign_Trade_Policy\"><\/span>Attempt Quiz on JAIIB IE &amp; IFS Foreign Trade Policy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Test your understanding of Foreign Trade Policy and related concepts through this quiz, designed to help candidates strengthen their knowledge of export promotion strategies, international trade policies, foreign trade schemes, trade facilitation measures, and the contribution of foreign trade to economic growth and employment generation.<\/p>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n<meta charset=\"UTF-8\">\n<link rel=\"stylesheet\" href=\"https:\/\/courses.oliveboard.in\/edge\/css\/login-modal-for-blog.css\">\n\n<style>\n#quiz-1-sticky-header {\n  position: sticky;\n  top: 0;\n  z-index: 100;\n  background: #1565c0;\n  color: #fff;\n  padding: 12px 20px;\n  border-radius: 10px 10px 0 0;\n  display: flex;\n  justify-content: space-between;\n  align-items: center;\n  font-size: 16px;\n  font-weight: bold;\n  box-shadow: 0 2px 8px rgba(0,0,0,0.2);\n  margin: -20px -20px 20px -20px;\n}\n\n#quiz-1-score-badge {\n  background: rgba(255,255,255,0.2);\n  padding: 4px 12px;\n  border-radius: 20px;\n  font-size: 15px;\n  white-space: nowrap;\n}\n#quiz-1 * { box-sizing: border-box; }\n\n#quiz-1 .quiz-container {\n  max-width: 700px;\n  margin: auto;\n  padding: 20px;\n  background: #fff;\n  border-radius: 14px;\n  box-shadow: 0 6px 16px rgba(0,0,0,0.12);\n}\n\n#quiz-1 h2 {\n  text-align: center;\n}\n\n#quiz-1 .question {\n  margin-bottom: 22px;\n}\n\n#quiz-1 .question p {\n  font-weight: bold;\n}\n\n#quiz-1 button {\n  width: 100%;\n  padding: 12px;\n  margin: 6px 0;\n  border: none;\n  border-radius: 6px;\n  background: #e0e0e0;\n  color: #000;\n  font-size: 16px;\n  cursor: pointer;\n}\n\n#quiz-1 button:hover {\n  background: #d5d5d5;\n}\n\n#quiz-1 button.correct {\n  background: #4caf50;\n  color: #000;\n}\n\n#quiz-1 button.wrong {\n  background: #f44336;\n  color: #000;\n}\n\n#quiz-1 button.locked {\n  pointer-events: none;\n}\n\n\/* SUMMARY *\/\n#quiz-1 .final-summary {\n  margin-top: 40px;\n  padding: 20px;\n  border-radius: 14px;\n  background: #fafafa;\n  border: 2px solid #4caf50;\n}\n\n#quiz-1 .final-summary h3 {\n  text-align: center;\n  margin-bottom: 20px;\n}\n\n#quiz-1 .summary-row {\n  display: grid;\n  grid-template-columns: 120px 1fr 40px;\n  gap: 10px;\n  align-items: center;\n  margin-bottom: 12px;\n  font-weight: bold;\n}\n\n#quiz-1 .summary-bar {\n  height: 14px;\n  background: #ddd;\n  border-radius: 10px;\n  overflow: hidden;\n}\n\n#quiz-1 .bar-fill {\n  height: 100%;\n  width: 0%;\n}\n\n#quiz-1 .bar-attempted { background: #2196f3; }\n#quiz-1 .bar-correct { background: #4caf50; }\n#quiz-1 .bar-wrong { background: #f44336; }\n#quiz-1 .bar-unattempted { background: #9e9e9e; width: 100%; }\n\n#quiz-1 .final-score {\n  text-align: center;\n  font-size: 22px;\n  margin-top: 20px;\n}\n\n#quiz-1 .score-value {\n  font-size: 30px;\n  margin-left: 8px;\n}\n<\/style>\n<\/head>\n\n<body>\n<div id=\"quiz-1\">\n  <div class=\"quiz-container\">\n<div id=\"quiz-1-sticky-header\">\n  <span> Practice JAIIB IE and IFS Quiz on Foreign Trade Policy <\/span>\n  <span id=\"quiz-1-score-badge\">Score: <strong id=\"quiz-1-score-value\">0.00<\/strong><\/span>\n<\/div>\n\n    <!-- QUESTIONS -->\n\n<div class=\"question\" data-answered=\"false\">\n  <p>1. What does &#8216;Foreign Trade Policy&#8217; (FTP) primarily govern?<\/p>\n  <button data-correct=\"false\">Domestic taxation and excise duties<\/button>\n  <button data-correct=\"false\">Monetary policy and interest rates<\/button>\n  <button data-correct=\"true\">Import and export activities of a country<\/button>\n  <button data-correct=\"false\">Foreign currency exchange rates only<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>2. The Foreign Trade Policy 2015-20 was launched on which date?<\/p>\n  <button data-correct=\"false\">January 1, 2015<\/button>\n  <button data-correct=\"true\">April 1, 2015<\/button>\n  <button data-correct=\"false\">March 31, 2015<\/button>\n  <button data-correct=\"false\">September 1, 2015<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>3. The FTP 2015-20 was aligned with which major government initiative?<\/p>\n  <button data-correct=\"true\">Make in India<\/button>\n  <button data-correct=\"false\">Digital India<\/button>\n  <button data-correct=\"false\">Skill India<\/button>\n  <button data-correct=\"false\">Startup India<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>4. What was India&#8217;s total goods and services export value in 2013-14?<\/p>\n  <button data-correct=\"false\">300 billion USD<\/button>\n  <button data-correct=\"false\">400 billion USD<\/button>\n  <button data-correct=\"false\">500 billion USD<\/button>\n  <button data-correct=\"true\">465 billion USD<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>5. What was the target export figure for 2019-20 under FTP 2015-20?<\/p>\n  <button data-correct=\"false\">700 billion USD<\/button>\n  <button data-correct=\"false\">800 billion USD<\/button>\n  <button data-correct=\"true\">900 billion USD<\/button>\n  <button data-correct=\"false\">850 billion USD<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>6. FTP 2015-20 aimed to increase India&#8217;s share in global exports from 2% to what percentage?<\/p>\n  <button data-correct=\"false\">2.5%<\/button>\n  <button data-correct=\"true\">3.5%<\/button>\n  <button data-correct=\"false\">3%<\/button>\n  <button data-correct=\"false\">4%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>7. What does MEIS stand for under FTP 2015-20?<\/p>\n  <button data-correct=\"false\">Merchandise Export Incentive Scheme<\/button>\n  <button data-correct=\"false\">Manufacturing Export and Import Scheme<\/button>\n  <button data-correct=\"true\">Merchandise Exports from India Scheme<\/button>\n  <button data-correct=\"false\">Market Export Incentive for India Scheme<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>8. What does SEIS stand for in the context of FTP 2015-20?<\/p>\n  <button data-correct=\"true\">Services Exports from India Scheme<\/button>\n  <button data-correct=\"false\">Services Export and Import Scheme<\/button>\n  <button data-correct=\"false\">Special Export Incentive Scheme<\/button>\n  <button data-correct=\"false\">Subsidized Export India Scheme<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>9. How many old schemes were merged to form SEIS under FTP 2015-20?<\/p>\n  <button data-correct=\"false\">Three<\/button>\n  <button data-correct=\"false\">Four<\/button>\n  <button data-correct=\"false\">Six<\/button>\n  <button data-correct=\"true\">Five<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>10. Under FTP 2015-20, scrips issued under MEIS and SEIS are:<\/p>\n  <button data-correct=\"false\">Non-transferable and can only be used by the exporter<\/button>\n  <button data-correct=\"true\">Fully transferable and can be used for customs\/excise duties<\/button>\n  <button data-correct=\"false\">Redeemable only at government banks<\/button>\n  <button data-correct=\"false\">Valid for one year from date of issue only<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>11. Under the Export Promotion Capital Goods (EPCG) scheme, export obligation is reduced by what percentage if capital goods are purchased from domestic producers?<\/p>\n  <button data-correct=\"true\">75%<\/button>\n  <button data-correct=\"false\">50%<\/button>\n  <button data-correct=\"false\">60%<\/button>\n  <button data-correct=\"false\">80%<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>12. What is the primary objective of the &#8216;Ease of Doing Business&#8217; measure under FTP 2015-20?<\/p>\n  <button data-correct=\"false\">Increasing import tariffs<\/button>\n  <button data-correct=\"false\">Reducing foreign investment limits<\/button>\n  <button data-correct=\"true\">Making business setup and operations simpler<\/button>\n  <button data-correct=\"false\">Increasing export taxes<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>13. Under FTP 2015-20, how many MSME clusters were created by the government?<\/p>\n  <button data-correct=\"false\">50<\/button>\n  <button data-correct=\"true\">108<\/button>\n  <button data-correct=\"false\">80<\/button>\n  <button data-correct=\"false\">100<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>14. The &#8216;Niryat Bandhu Scheme&#8217; under FTP 2015-20 was linked with which other initiative?<\/p>\n  <button data-correct=\"false\">Digital India<\/button>\n  <button data-correct=\"false\">Smart Cities Mission<\/button>\n  <button data-correct=\"false\">Swachh Bharat<\/button>\n  <button data-correct=\"true\">Skill India<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>15. Under FTP 2015-20, what is the value limit for e-commerce export of products through courier or foreign post offices to receive MEIS benefits?<\/p>\n  <button data-correct=\"false\">Rs. 10,000<\/button>\n  <button data-correct=\"false\">Rs. 15,000<\/button>\n  <button data-correct=\"false\">Rs. 20,000<\/button>\n  <button data-correct=\"true\">Rs. 25,000<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>16. The FTP 2015-20 was initially extended up to which date due to the COVID-19 pandemic?<\/p>\n  <button data-correct=\"false\">September 2021<\/button>\n  <button data-correct=\"false\">December 2021<\/button>\n  <button data-correct=\"true\">March 2022<\/button>\n  <button data-correct=\"false\">June 2022<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>17. A new Foreign Trade Policy was announced in which year after FTP 2015-20?<\/p>\n  <button data-correct=\"false\">2021<\/button>\n  <button data-correct=\"true\">2023<\/button>\n  <button data-correct=\"false\">2022<\/button>\n  <button data-correct=\"false\">2024<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>18. What is the concept of &#8216;Value Addition&#8217; in the context of economic output?<\/p>\n  <button data-correct=\"true\">Producing more than what was produced previously<\/button>\n  <button data-correct=\"false\">Adding foreign currency reserves<\/button>\n  <button data-correct=\"false\">Reducing imports below previous year levels<\/button>\n  <button data-correct=\"false\">Increasing tax collection<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>19. India before 1991 was characterized as what kind of economy?<\/p>\n  <button data-correct=\"false\">Open economy<\/button>\n  <button data-correct=\"false\">Mixed open economy<\/button>\n  <button data-correct=\"false\">Export-driven economy<\/button>\n  <button data-correct=\"true\">Closed\/protected economy<\/button>\n<\/div>\n\n<div class=\"question\" data-answered=\"false\">\n  <p>20. What does FDI stand for?<\/p>\n  <button data-correct=\"false\">Foreign Domestic Investment<\/button>\n  <button data-correct=\"false\">Financial Development Index<\/button>\n  <button data-correct=\"true\">Foreign Direct Investment<\/button>\n  <button data-correct=\"false\">Federal Direct Income<\/button>\n<\/div>\n\n    <!-- FINAL SUMMARY -->\n    <div class=\"final-summary\">\n      <h3>Quiz Summary <\/h3>\n\n      <div class=\"summary-row\">\n        <span>Attempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-attempted\" data-summary=\"attempted\"><\/div><\/div>\n        <span data-count=\"attempted\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Correct<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-correct\" data-summary=\"correct\"><\/div><\/div>\n        <span data-count=\"correct\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Wrong<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-wrong\" data-summary=\"wrong\"><\/div><\/div>\n        <span data-count=\"wrong\">0<\/span>\n      <\/div>\n\n      <div class=\"summary-row\">\n        <span>Unattempted<\/span>\n        <div class=\"summary-bar\"><div class=\"bar-fill bar-unattempted\" data-summary=\"unattempted\"><\/div><\/div>\n        <span data-count=\"unattempted\">0<\/span>\n      <\/div>\n\n      <div class=\"final-score\">\n        Final Score: <span class=\"score-value\" data-score>0.0<\/span>\n      <\/div>\n    <\/div>\n\n  <\/div>\n<\/div>\n<div class=\"modal modal-obls\" id=\"modal-signup\">\n        <div class=\"modal-background\"><\/div>\n        <div class=\"modal-content\">\n           <div class=\"obls-group\" id=\"obls-group1\">\n               <div class=\"obls-blk\">\n                   <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/img-delivery.svg\" alt=\"\"><\/span>\n                   <h2 id=\"display-register-text\"><span class=\"ez-toc-section\" id=\"Sign_Up\"><\/span>Sign Up<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                   <div class=\"loginas-group loginas-group1 loginas-group-single\">\n <div id=\"g_id_onload\" data-client_id=\"506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com\" ,=\"\" data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437394_8652&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437394_8652\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 44px; width: 204px; border: 0px; margin: -2px -10px;\"><\/iframe><\/div><\/div>\n                   <\/div>\n                   <h6 class=\"signup-subheader\">Or, register with email<\/h6>\n                   <label class=\"errormsg txt-red courseUp\"><\/label>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                        <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-uemail\" required=\"\">\n                        <span class=\"floating-label\" style=\"top: 19px; font-size: 12px;\">Email Id<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mobile-black.svg\" alt=\"\"><\/span>\n                        <input type=\"text\" maxlength=\"10\" name=\"monum\" class=\"formcontrol ob-inputfield\" id=\"course-uphone\" required=\"\">\n                        <span class=\"floating-label\">Mobile Number<\/span>\n                   <\/div>\n                   <div class=\"formcontrol-group\">\n                        <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                        <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-upassword\" required=\"\">\n                        <span class=\"floating-label\">Password<\/span>\n                   <\/div>\n                   <button type=\"button\" class=\"btn btn-md btn-tblue btn-obls\" onclick=\"courseUpValidation('home','IBPS','https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common');return false;\" id=\"courseup\">REGISTER<\/button>\n                    <p class=\"obls-footer\">Already a user?<button type=\"button\" class=\"btn btn-xs btn-switch-obls btn-show-modal-login\" id=\"btn-show-modal-login\">Login<\/button><\/p>\n               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src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                            <input type=\"email\" name=\"email\" class=\"formcontrol ob-inputfield\" id=\"course-email\" required=\"\">\n                            <span class=\"floating-label\">Email Id<\/span>\n                       <\/div>\n                       <div class=\"loginnext-group\" id=\"loginnext-group\"><!-- pass and captcha -->\n                           <div class=\"formcontrol-group\">\n                                <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-lock.svg\" alt=\"\"><\/span>\n                                <input type=\"password\" name=\"pwd\" class=\"formcontrol ob-inputfield\" id=\"course-password\" required=\"\">\n                                <span class=\"floating-label\">Password<\/span>\n                           <\/div>\n                           <div style=\"display:none\" id=\"img-oblcaptcha\" class=\"captcha-img-blk\">\n                           <\/div>\n                           <div style=\"display:none\" class=\"formcontrol-group captcha-input-blk\">\n                                <input type=\"text\" name=\"pwd1\" value=\"1\" class=\"formcontrol ob-inputfield\" id=\"lcaptcha-code\" required=\"\">\n                                <span class=\"floating-label\">Enter text you see in the image<\/span>\n                           <\/div>\n                       <\/div><!-- pass and captcha -->\n                       \n                       <div class=\"btn-forgotpwd-group\"><button id=\"btn-forgotpwd\" class=\"btn btn-forgotpwd\">Forgot Password?<\/button><\/div>\n                       <button type=\"button\" id=\"coursein1\" class=\"btn btn-md btn-tblue btn-obls\" onclick=\"courseInValidation1()\">Next<\/button>\n                       <button type=\"button\" id=\"coursein\" class=\"btn btn-md btn-tblue btn-obls coursein\" onclick=\"courseInValidation('https:\/\/u1.oliveboard.in\/exams\/?c=dashboard&amp;i=common')\">Submit<\/button>\n                       <form method=\"post\" action=\"https:\/\/login.oliveboard.in\/login\/next.php\" id=\"snf1\">\n                        <input type=\"hidden\" name=\"email\" value=\"\" id=\"lemailnext\">\n                        <\/form>\n                   <\/div><!-- end login group -->\n                   <div id=\"forgotpwd-group-abc\" class=\"lfp-group-abc forgotpwd-group-abc\"><!-- start forgotpwd group -->\n                       <h2><span class=\"ez-toc-section\" id=\"Forgot_Password\"><\/span>Forgot Password<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                       <p class=\"secintro-txt\">Please enter the Email ID we will send you a Email with the link to reset the password.<\/p>\n                       <label class=\"errormsg txt-red rePassMsg\"><\/label>\n                       <div class=\"formcontrol-group formcontrol-group-fp\">\n                            <span class=\"icon\"><img decoding=\"async\" src=\"\/img\/ic-mail.svg\" alt=\"\"><\/span>\n                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data-use_fedcm_for_prompt=\"true\" data-callback=\"handleOnetapResponse\">\n    <\/div>\n    <div class=\"g_id_signin\" data-type=\"standard\"><div class=\"S9gUrf-YoZ4jf\" style=\"position: relative;\"><div><div tabindex=\"0\" role=\"button\" aria-labelledby=\"button-label\" class=\"nsm7Bb-HzV7m-LgbsSe  hJDwNd-SxQuSe i5vt6e-Ia7Qfc uaxL4e-RbRzK\"><div class=\"nsm7Bb-HzV7m-LgbsSe-MJoBVe\"><\/div><div class=\"nsm7Bb-HzV7m-LgbsSe-bN97Pc-sM5MNb \"><div class=\"nsm7Bb-HzV7m-LgbsSe-Bz112c\"><svg version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 48 48\" class=\"LgbsSe-Bz112c\"><g><path fill=\"#EA4335\" d=\"M24 9.5c3.54 0 6.71 1.22 9.21 3.6l6.85-6.85C35.9 2.38 30.47 0 24 0 14.62 0 6.51 5.38 2.56 13.22l7.98 6.19C12.43 13.72 17.74 9.5 24 9.5z\"><\/path><path fill=\"#4285F4\" d=\"M46.98 24.55c0-1.57-.15-3.09-.38-4.55H24v9.02h12.94c-.58 2.96-2.26 5.48-4.78 7.18l7.73 6c4.51-4.18 7.09-10.36 7.09-17.65z\"><\/path><path fill=\"#FBBC05\" d=\"M10.53 28.59c-.48-1.45-.76-2.99-.76-4.59s.27-3.14.76-4.59l-7.98-6.19C.92 16.46 0 20.12 0 24c0 3.88.92 7.54 2.56 10.78l7.97-6.19z\"><\/path><path fill=\"#34A853\" d=\"M24 48c6.48 0 11.93-2.13 15.89-5.81l-7.73-6c-2.15 1.45-4.92 2.3-8.16 2.3-6.26 0-11.57-4.22-13.47-9.91l-7.98 6.19C6.51 42.62 14.62 48 24 48z\"><\/path><path fill=\"none\" d=\"M0 0h48v48H0z\"><\/path><\/g><\/svg><\/div><span class=\"nsm7Bb-HzV7m-LgbsSe-BPrWId\">Sign in with Google<\/span><span class=\"L6cTce\" id=\"button-label\">Sign in with Google. Opens in new tab<\/span><\/div><\/div><\/div><iframe src=\"https:\/\/accounts.google.com\/gsi\/button?type=standard&amp;is_fedcm_supported=true&amp;client_id=506321490093-i3j96ah9gn1sv3khntnd1rnv5jebt5j4.apps.googleusercontent.com&amp;iframe_id=gsi_437400_306436&amp;cas=pwXumGxyCMNtIbjaV30qchi2A1vUar%2Faz%2FOE5HQ%2B0Zc\" class=\"L5Fo6c-PQbLGe\" allow=\"identity-credentials-get\" id=\"gsi_437400_306436\" title=\"Sign in with Google Button\" style=\"display: block; position: relative; top: 0px; left: 0px; height: 0px; width: 0px; border: 0px;\"><\/iframe><\/div><\/div>\n\n\n                   <\/div>\n                    <p class=\"obls-footer\">New to Oliveboard?<button class=\"btn btn-xs btn-switch-obls\" id=\"btn-show-modal-signup\">Register<\/button><\/p>\n               <\/div> \n            <\/div> \n            <div class=\"success-msg-group\" id=\"success-msg-group\"><!-- success msg -->\n                <div class=\"success-msg-blk\" id=\"success-msg-blk\">\n                    <span class=\"img-box\"><img decoding=\"async\" src=\"\/img\/success-ellipse.svg\" alt=\"\"><\/span>\n                    <h2 id=\"fpwd-success-msg-title\"><span class=\"ez-toc-section\" id=\"i\"><\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n                    <p id=\"fpwd-success-msg-text\">&nbsp;<\/p>\n                    <div class=\"login-btn\">\n                        <button type=\"button\" class=\"btn btn-md btn-tblue modal-obls-close\">Ok<\/button>\n                    <\/div>\n\n                <\/div>\n            <\/div><!-- success msg -->\n\n        <\/div>\n        <button class=\"modal-close is-large modal-obls-close\" aria-label=\"close\"><\/button>\n    <\/div>\n\n<script src=\"https:\/\/s3-ap-southeast-1.amazonaws.com\/sg2.oliveboard.in\/static\/js\/jquery.js\"><\/script>\n\n<script>\nvar boxurl = window.location.href + '?log=1';\n\nfunction getUrlParam(name, defaultValue) {\n    const params = new URLSearchParams(window.location.search);\n    return params.has(name) ? params.get(name) : defaultValue;\n}\n\nvar l_log = getUrlParam('log', 0);\n<\/script>\n<script src=\"https:\/\/www.oliveboard.in\/js\/coursecommon.js?v=12\"><\/script>\n\n\n<script>\n(() => {\n  const quizContainer = document.getElementById('quiz-1');\n  const STORAGE_KEY = 'quiz_1_state';\n  let score = 0;\n  let attempted = 0;\n  let correct = 0;\n  let wrong = 0;\n\n  const questions = quizContainer.querySelectorAll(\".question\");\n  const total = questions.length;\n\n  function loadState() {\n    try { return JSON.parse(sessionStorage.getItem(STORAGE_KEY) || '{}'); }\n    catch { return {}; }\n  }\n\n  function saveState(data) {\n    sessionStorage.setItem(STORAGE_KEY, JSON.stringify(data));\n  }\n\n  function updateUI() {\n    const unattempted = total - attempted;\n    quizContainer.querySelector('[data-count=\"attempted\"]').textContent = attempted;\n    quizContainer.querySelector('[data-count=\"correct\"]').textContent = correct;\n    quizContainer.querySelector('[data-count=\"wrong\"]').textContent = wrong;\n    quizContainer.querySelector('[data-count=\"unattempted\"]').textContent = unattempted;\n    quizContainer.querySelector('[data-summary=\"attempted\"]').style.width = (attempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"correct\"]').style.width = (correct \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"wrong\"]').style.width = (wrong \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-summary=\"unattempted\"]').style.width = (unattempted \/ total) * 100 + \"%\";\n    quizContainer.querySelector('[data-score]').textContent = score.toFixed(2);\n\n    \/\/ Live score update in sticky header\n    document.getElementById('quiz-1-score-value').textContent = score.toFixed(2);\n  }\n\n  function restoreQuestion(q, chosenIndex, wasCorrect) {\n    q.dataset.answered = \"true\";\n    const buttons = q.querySelectorAll(\"button\");\n    buttons.forEach(b => b.classList.add(\"locked\"));\n    if (wasCorrect) {\n      buttons[chosenIndex].classList.add(\"correct\");\n    } else {\n      buttons[chosenIndex].classList.add(\"wrong\");\n      q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n    }\n  }\n\n  \/\/ Restore saved answers on page load\n  const savedAnswers = loadState();\nquestions.forEach((q, qIndex) => {\n    const saved = savedAnswers[qIndex];\n    if (saved !== undefined) {\n      attempted++;\n      if (saved.correct) { correct++; }\n      else { wrong++; }\n      restoreQuestion(q, saved.chosenIndex, saved.correct);\n    }\n  });\n  score = parseFloat((correct * 1 - wrong * 0.0).toFixed(2));\n  updateUI();\n\n  \/\/ Attach click handlers\n  questions.forEach((q, qIndex) => {\n    q.querySelectorAll(\"button\").forEach((btn, btnIndex) => {\n      btn.addEventListener(\"click\", () => {\n        if (q.dataset.answered === \"true\") return;\n        q.dataset.answered = \"true\";\n        attempted++;\n\n        if (attempted > 9 && l_log == 0) {\n          $('#modal-signup').addClass('is-active');\n        }\n\n        q.querySelectorAll(\"button\").forEach(b => b.classList.add(\"locked\"));\n        const isCorrect = btn.dataset.correct === \"true\";\n\n if (isCorrect) {\n          btn.classList.add(\"correct\");\n          correct++;\n        } else {\n          btn.classList.add(\"wrong\");\n          wrong++;\n          q.querySelector(\"[data-correct='true']\").classList.add(\"correct\");\n        }\n        score = parseFloat((correct * 1 - wrong * 0.00).toFixed(2));\n\n        savedAnswers[qIndex] = { chosenIndex: btnIndex, correct: isCorrect };\n        saveState(savedAnswers);\n        updateUI();\n      });\n    });\n  });\n\n  updateUI();\n})();\n<\/script>\n\n<\/body>\n<\/html>\n\n\n\n<p><\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-free-quizzes\/?ref=contac-jieifs-ftp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Download JAIIB Free Quizzes<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-why-is-foreign-trade-important-for-economic-development\"><span class=\"ez-toc-section\" id=\"Why_is_Foreign_Trade_important_for_Economic_Development\"><\/span>Why is Foreign Trade important for Economic Development?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Foreign trade helps countries access larger markets and sell goods beyond domestic boundaries. It creates opportunities for businesses to expand their operations and generate higher revenues. Increased exports lead to higher production, which further creates jobs and improves income levels.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Increases foreign exchange earnings<\/li>\n\n\n\n<li>Expands market opportunities<\/li>\n\n\n\n<li>Creates employment opportunities<\/li>\n\n\n\n<li>Improves consumer choices<\/li>\n\n\n\n<li>Encourages industrial growth<\/li>\n\n\n\n<li>Supports economic development<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-was-india-s-trade-scenario-before-and-after-1991\"><span class=\"ez-toc-section\" id=\"What_was_Indias_trade_scenario_before_and_after_1991\"><\/span>What was India&#8217;s trade scenario before and after 1991?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before 1991, India followed a protected and relatively closed economic system. Foreign investments were restricted, and high tariffs were imposed on imports. After the economic reforms of 1991, India adopted liberalization and globalization measures, making the economy more open and competitive.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Before 1991<\/strong><\/td><td><strong>After 1991<\/strong><\/td><\/tr><tr><td>Closed economy<\/td><td>Open economy<\/td><\/tr><tr><td>High tariffs<\/td><td>Reduced restrictions<\/td><\/tr><tr><td>Limited foreign investment<\/td><td>Increased foreign investment<\/td><\/tr><tr><td>Less competition<\/td><td>Global competition<\/td><\/tr><tr><td>Restricted trade<\/td><td>Expanded international trade<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n<figure class=\"wp-block-embed wp-embed-aspect-16-9 wp-has-aspect-ratio  is-type-video is-provider-youtube wp-block-embed-youtube\"><div class=\"wp-block-embed__wrapper video-seo-youtube-embed-wrapper\"><div class=\"video-seo-youtube-player\" data-id=\"nMDWz8Rty6U\"><\/div><\/div><\/figure>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-objectives-of-foreign-trade-policy-2015-20\"><span class=\"ez-toc-section\" id=\"What_are_the_objectives_of_Foreign_Trade_Policy_2015-20\"><\/span>What are the objectives of Foreign Trade Policy 2015-20?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Foreign Trade Policy 2015-20 was launched to align with the Make in India initiative. The policy focused on increasing exports, improving ease of doing business, generating employment, and making India a major manufacturing and exporting nation.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Major objectives of FTP 2015-20<\/strong>\n<ul class=\"wp-block-list\">\n<li>Increase exports of goods and services<\/li>\n\n\n\n<li>Promote Make in India initiative<\/li>\n\n\n\n<li>Improve ease of doing business<\/li>\n\n\n\n<li>Create employment opportunities<\/li>\n\n\n\n<li>Enhance India&#8217;s share in global exports<\/li>\n\n\n\n<li>Boost domestic manufacturing<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Important targets under FTP 2015-20<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Target Area<\/strong><\/td><td><strong>Goal<\/strong><\/td><\/tr><tr><td>Exports<\/td><td>USD 465 Billion to USD 900 Billion<\/td><\/tr><tr><td>Global Export Share<\/td><td>2% to 3.5%<\/td><\/tr><tr><td>Employment<\/td><td>Higher job creation<\/td><\/tr><tr><td>Manufacturing<\/td><td>Stronger domestic production<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Also: Check out the detailed <a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-syllabus\/?ref=contac-jieifs-ftp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE and IFS Syllabus<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-meis-and-seis-schemes\"><span class=\"ez-toc-section\" id=\"What_are_MEIS_and_SEIS_schemes\"><\/span>What are MEIS and SEIS schemes?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The government introduced MEIS and SEIS under Foreign Trade Policy 2015-20 to encourage exports of goods and services. These schemes provided incentives to exporters and helped improve India&#8217;s international trade performance.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Scheme<\/strong><\/td><td><strong>Full Form<\/strong><\/td><td><strong>Purpose<\/strong><\/td><\/tr><tr><td>MEIS<\/td><td>Merchandise Exports from India Scheme<\/td><td>Promote export of goods<\/td><\/tr><tr><td>SEIS<\/td><td>Services Exports from India Scheme<\/td><td>Promote export of services<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/jaiib\/?ref=contac-jieifs-ftp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Join the JAIIB Online Course now<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-major-features-of-foreign-trade-policy-2015-20\"><span class=\"ez-toc-section\" id=\"What_are_the_major_features_of_Foreign_Trade_Policy_2015-20\"><\/span>What are the major features of Foreign Trade Policy 2015-20?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The policy introduced several reforms to simplify trade procedures and support exporters. It encouraged digital processing, reduced paperwork, and promoted domestic manufacturing through various incentives.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Five earlier export schemes were merged.<\/li>\n\n\n\n<li>Paperless application process introduced.<\/li>\n\n\n\n<li>One-time document submission facility provided.<\/li>\n\n\n\n<li>Dedicated email communication channels created.<\/li>\n\n\n\n<li>Export-oriented units received additional support.<\/li>\n\n\n\n<li>MSME export clusters were promoted.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-how-does-foreign-direct-investment-support-economic-growth\"><span class=\"ez-toc-section\" id=\"How_does_Foreign_Direct_Investment_support_economic_growth\"><\/span>How does Foreign Direct Investment support economic growth?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Foreign Direct Investment (FDI) occurs when foreign investors invest directly in businesses located in another country. FDI brings capital, technology, management expertise, and employment opportunities, which contribute significantly to economic growth.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Increases capital availability<\/li>\n\n\n\n<li>Creates employment opportunities<\/li>\n\n\n\n<li>Enhances production capacity<\/li>\n\n\n\n<li>Improves technology transfer<\/li>\n\n\n\n<li>Supports industrial development<\/li>\n\n\n\n<li>Raises living standards<\/li>\n<\/ul>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/www.oliveboard.in\/jaiib-previous-year-papers\/?ref=contac-jieifs-ftp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">Attempt JAIIB Previous Year Papers Today!<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-the-different-routes-of-fdi-in-india\"><span class=\"ez-toc-section\" id=\"What_are_the_different_routes_of_FDI_in_India\"><\/span>What are the different routes of FDI in India?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Foreign Direct Investment can enter India through two routes. The route depends on the sector and regulatory requirements specified by the government.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Route<\/strong><\/td><td><strong>Description<\/strong><\/td><\/tr><tr><td>Automatic Route<\/td><td>No prior government approval required<\/td><\/tr><tr><td>Government Route<\/td><td>Prior government approval required<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-are-greenfield-brownfield-and-joint-venture-fdi\"><span class=\"ez-toc-section\" id=\"What_are_Greenfield_Brownfield_and_Joint_Venture_FDI\"><\/span>What are Greenfield, Brownfield, and Joint Venture FDI?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>FDI can take different forms depending on how the foreign investor enters the market. Understanding these types is important for JAIIB examination preparation.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Type<\/strong><\/td><td><strong>Meaning<\/strong><\/td><\/tr><tr><td>Greenfield FDI<\/td><td>New business setup in another country<\/td><\/tr><tr><td>Brownfield FDI<\/td><td>Acquisition of existing business<\/td><\/tr><tr><td>Joint Venture<\/td><td>Collaboration between foreign and domestic firms<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Also Check: <a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-and-ifs-module-wise-study-guide\/?ref=contac-jieifs-ftp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE and IFS Mind Map PDF<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-foreign-institutional-investment-f2\"><span class=\"ez-toc-section\" id=\"What_is_Foreign_Institutional_Investment_F2\"><\/span>What is Foreign Institutional Investment (F2)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Foreign Institutional Investment refers to investments made by foreign investors through financial securities such as shares and bonds. Unlike FDI, F2 generally does not provide ownership control and is often considered short-term capital.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Characteristics of F2<\/strong>\n<ul class=\"wp-block-list\">\n<li>Invests through stock markets<\/li>\n\n\n\n<li>Short-term in nature<\/li>\n\n\n\n<li>Highly volatile<\/li>\n\n\n\n<li>Known as hot money<\/li>\n\n\n\n<li>Can enter and exit quickly<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>FDI vs FII<\/strong><\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Basis<\/strong><\/td><td><strong>FDI<\/strong><\/td><td><strong>FII<\/strong><\/td><\/tr><tr><td>Nature<\/td><td>Long-term<\/td><td>Short-term<\/td><\/tr><tr><td>Ownership<\/td><td>Direct control<\/td><td>No significant control<\/td><\/tr><tr><td>Stability<\/td><td>More stable<\/td><td>More volatile<\/td><\/tr><tr><td>Purpose<\/td><td>Business expansion<\/td><td>Financial returns<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><strong>Also Check: <a href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-and-ifs-study-material\/?ref=contac-jieifs-ftp-pq\" target=\"_blank\" rel=\"noreferrer noopener\">JAIIB IE and IFS Study Material<\/a><\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-the-difference-between-economic-growth-and-economic-development\"><span class=\"ez-toc-section\" id=\"What_is_the_difference_between_Economic_Growth_and_Economic_Development\"><\/span>What is the difference between Economic Growth and Economic Development?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Economic Growth and Economic Development are related but different concepts. Economic Growth focuses on the increase in output and income, while Economic Development focuses on improving the quality of life and overall welfare of people.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Economic Growth<\/strong><\/td><td><strong>Economic Development<\/strong><\/td><\/tr><tr><td>Quantitative concept<\/td><td>Qualitative concept<\/td><\/tr><tr><td>Increase in income and output<\/td><td>Improvement in living standards<\/td><\/tr><tr><td>Narrow concept<\/td><td>Broad concept<\/td><\/tr><tr><td>Focus on production<\/td><td>Focus on overall welfare<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-faqs\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1782403550504\"><strong class=\"schema-faq-question\">1. What is Foreign Trade Policy (FTP)?<\/strong> <p class=\"schema-faq-answer\">Foreign Trade Policy is a government policy that regulates and promotes a country&#8217;s imports and exports.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1782403551718\"><strong class=\"schema-faq-question\">2. When was the Foreign Trade Policy 2015-20 launched?<\/strong> <p class=\"schema-faq-answer\">The Foreign Trade Policy 2015-20 was launched on 1 April 2015.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1782403552335\"><strong class=\"schema-faq-question\">3. What was the main objective of FTP 2015-20?<\/strong> <p class=\"schema-faq-answer\">Its main objective was to increase exports, generate employment, and support economic growth.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1782403552957\"><strong class=\"schema-faq-question\">4. What is MEIS under Foreign Trade Policy?<\/strong> <p class=\"schema-faq-answer\">MEIS stands for Merchandise Exports from India Scheme, which promotes the export of goods from India.<\/p> <\/div> <div class=\"schema-faq-section\" id=\"faq-question-1782403553629\"><strong class=\"schema-faq-question\">5. What is SEIS under Foreign Trade Policy?<\/strong> <p class=\"schema-faq-answer\">SEIS stands for Services Exports from India Scheme, which encourages the export of services from India.<\/p> <\/div> <\/div>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<ul class=\"wp-block-latest-posts__list is-grid columns-3 wp-block-latest-posts\"><li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-foreign-trade-policy\/\">Attempt JAIIB IE &amp; IFS Foreign Trade Policy Quiz, and Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-economic-reforms\/\">Attempt JAIIB IE &amp; IFS Economic Reforms Quiz, and Download PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-globalization-impact-on-india\/\">Attempt JAIIB IE and IFS Globalization &amp; Its Impact on India Quiz &amp; Free PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-infrastructure-development\/\">JAIIB IE &amp; IFS Infrastructure Development Quiz &amp; Free PDF<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-sectors-of-indian-economy\/\">Attempt JAIIB IE &amp; IFS Sectors of Indian Economy Practice Quiz<\/a><\/li>\n<li><a class=\"wp-block-latest-posts__post-title\" href=\"https:\/\/www.oliveboard.in\/blog\/jaiib-ie-ifs-msme-and-priority-sector\/\">Attempt JAIIB IE and IFS MSME and Priority Sector Quiz &amp; Download PDF<\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Preparing for the JAIIB IE &amp; IFS examination requires a clear understanding of important topics like Foreign Trade Policy, Foreign<\/p>\n","protected":false},"author":58,"featured_media":246346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10353],"tags":[],"class_list":["post-246345","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-jaiib","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-50"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Attempt JAIIB IE &amp; 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