The Foreign Trade Policy (FTP) is based on four key pillars. Which of the following options accurately represents these pillars?
1.Incentive to Remission, Export promotion through collaboration, Ease of doing business, reduction in transaction cost and e-initiatives, and E-Commerce, Developing Districts as Export Hubs, and streamlining SCOMET policy.
2.Incentive to Remission, Export promotion through collaboration, Ease of doing business, reduction in transaction cost and e-initiatives, and Developing Special Economic Zones (SEZs) and promoting trade agreements.
3.Incentive to Remission, Export promotion through collaboration, Ease of doing business, reduction in transaction cost and e-initiatives, and Promoting MSME exports and enhancing logistics infrastructure.
4.Incentive to Remission, Export promotion through collaboration, Ease of doing business, reduction in transaction cost and e-initiatives, and Focusing on sustainable development and promoting green exports.
5.Incentive to Remission, Export promotion through collaboration, Ease of doing business, reduction in transaction cost and e-initiatives, and Enhancing digital trade and supporting startups.
Correct Answer : 1
Solution :
The Foreign Trade Policy 2023 is structured around four key pillars:
a. Incentive to Remission - replacing incentive-based schemes with WTO-compliant remission schemes like RoDTEP and RoSCTL.
b. Export Promotion through Collaboration - involving states, districts, and Indian Missions abroad.
c. Ease of Doing Business and Reduction in Transaction Cost - using digitization, automation, and reduced compliance burdens.
d. Emerging Areas - including E-Commerce exports, Developing Districts as Export Hubs, and streamlining SCOMET (Special Chemicals, Organisms, Materials, Equipment and Technologies) policy.
RBI Grade B Previous Year Papers
Attempt RBI Grade B Phase 1 PYPs, get detailed solutions
RBI Grade B Phase 1 Mock Test
Attempt RBI Grade B Phase 1 Mocks in Latest Pattern
Create a free Oliveboard account to access all PYQs with solutions & video explanations
RBI Phase I PYP Test Series
RBI Grade B Phase 1 PYP 2024 - 8th September Shift 1
2002002 Hours
RBI Grade B Phase 1 PYP 2024 - 8th September Shift 2
2002002 Hours
RBI Grade B Phase 1 PYP 2023 - 9th July Shift 1
2002002 Hours
RBI Grade B Phase 1 PYP 2023 - 9th July Shift 2
2002002 Hours
RBI Grade B Phase 1 PYP 2022 - 28th May Shift 1
2002002 Hours
RBI Grade B Phase 1 PYP 2022 - 28th May Shift 2
2002002 Hours
RBI Grade B Phase 1 PYP - 6th March Shift 1
2002002 Hours
RBI Grade B Phase 1 PYP - 6th March Shift 2
2002002 Hours
RBI Grade B Phase 1 PYP 2019 - 9th November Shift 1
Study Notes
Category
