Question
Which of the following statement is/are correct
regarding “Foreign Trade Policy 2023”? I. FTP 2023 aims at process re-engineering and automation to facilitate ease of doing business for exporters. II. The government intends to encourage the use of foreign currency in cross-border trade. III. The government aims to increase India’s overall exports to USD 2 trillion by 2030, with equal contributions from the merchandise and services sectors.Solution
Explanation: Union Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles launched the Foreign Trade Policy (FTP) 2023 which comes into effect from April 1, 2023. The policy is based on the principles of trust and partnership with exporters and aims at process re-engineering and automation to facilitate ease of doing business for exporters. The government aims to increase India’s overall exports to USD 2 trillion by 2030 , with equal contributions from the merchandise and services sectors. The government also intends to encourage the use of the Indian currency in cross-border trade, aided by a new payment settlement framework introduced by the RBI in July 2022.
The use of Sachin Tendulkar in LivPure commercials rather than an unknown model is an example of a very popular form of advertising today - the use of:
Consumer-oriented sales promotions are:
A key difference between cause marketing and an outright charitable contribution is:
Although segmenting according to the four different variables is important, many experts agree that good segmentation is built around customer's _______...
Which one of the following is an incorrect statement as it relates to protectionism:
Which group of activities below is ranked from the LOWEST cost of inventory to HIGHEST cost of inventory?
Search-Engine Optimization (SEO) refers to the concept of:
Which method of classifying retail outlets would be most appropriate for describing McDonald's, Holiday Inn, and Subway-all franchise operations?
A large corporations making an outright donation as opposed to contributions being tied to customer revenues produced through the promotion of one of it...
A single social media site like Facebook or YouTube is referred to as a
Relevant for Exams:
