Question

    Consider the following statements with reference to

    ‘Trade Infrastructure for Export Scheme (TIES)’: I. The Trade Infrastructure for Export Scheme was launched by the Ministry of Heavy Industries. II. The Central Government helps with infrastructure creation by providing Grant-in-aid. III. Grants-in-aid are given by the Union Ministry to State Governments. Which of the statement given above is/are correct?
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I and II only Correct Answer Incorrect Answer
    E II and III only Correct Answer Incorrect Answer

    Solution

    Statement I is not correct -: In 2017, the Ministry of Commerce and Industry launched the Trade Infrastructure for Export Scheme (TIES). Its objective is to assist Central and State Government agencies in the creation of appropriate infrastructure for the growth of exports. Statement II is correct -: The Central Government assistance for infrastructure creation will be in the form of grant-in-aid. Statement III is not correct -: Grants-in-aid are given by the Union Government to State Governments and/or Panchayati Raj Institutions.

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