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RBI Grade B Phase 1 PYP >> Jul 9, 2023 - Shift 2 >> General Awareness

Question :

India's Foreign Trade Policy (FTP) 2023 is a strategic framework aimed at fostering export growth through continuity of successful schemes and responsiveness to changing trade dynamics. Which of the following salient features of FTP 2023 is incorrect?

1. Continuous and responsive framework with no end date

2. Digitisation and faster processing of applications

3. Amnesty scheme for shortfall in export obligations

4. Over 50% reduction in threshold for recognition of star trade houses

5. Targets $2 trillion exports by 2047

Correct Answer : 5
Solution :

The Foreign Trade Policy 2023 sets a goal of achieving $2 trillion in exports by 2030, not 2047. The policy marks a shift toward a more flexible, ongoing strategy without a fixed end date and introduces reforms like digitalization, ease of doing business, and a special amnesty scheme. The aim is to support MSMEs and enhance India's global trade presence by 2030.

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Record Breaking Results in 2024-25 🎉

Niranjan Jain

Niranjan Jain

Rank #1

SBI PO

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Amit Mandal

Amit Mandal

Rank #1

IBPS PO

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S B Tanay Gaurav

S B Tanay Gaurav

Rank #1

RBI Gr. B

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Shubham Agrawal

Shubham Agrawal

Rank #1

SSC CGL

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Manjot Singh

Manjot Singh

Rank #1

SSC CGL (JSO)

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Rohit Chadhar

Rohit Chadhar

Rank #1

SSC CHSL

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Shekhar Kumar

Shekhar Kumar

Rank #8

RBI Gr. B

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