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With reference to the foreign trade, consider the following statements:
1. The Centre had earlier extended the foreign trade policy (FTP) 2015-20 until September 30 this year due to the COVID-19 crisis.
2. The FTP provides guidelines for enhancing exports to push economic growth and create jobs.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
With reference to the foreign trade, consider the following statements...
Commerce and Industry Minister Piyush Goyal said the existing foreign trade policy (FTP) will be extended till March 31, 2022.
  • The Centre had earlier extended the FTP 2015-20 until September 30 this year due to the COVID-19 crisis. The FTP provides guidelines for enhancing exports to push economic growth and create jobs.
  • Goyal also inaugurated a trade facilitation portal that was developed by Federation of Indian Export Organizations (FIEO) to help exporters deal with challenges due to acute shortage of containers. The portal will bring exporters and logistics service providers (LSPs) on a single platform.
  • Hence both statements are correct.
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With reference to the foreign trade, consider the following statements...
Commerce and Industry Minister Piyush Goyal said the existing foreign trade policy (FTP) will be extended till March 31, 2022.
  • The Centre had earlier extended the FTP 2015-20 until September 30 this year due to the COVID-19 crisis. The FTP provides guidelines for enhancing exports to push economic growth and create jobs.
  • Goyal also inaugurated a trade facilitation portal that was developed by Federation of Indian Export Organizations (FIEO) to help exporters deal with challenges due to acute shortage of containers. The portal will bring exporters and logistics service providers (LSPs) on a single platform.
  • Hence both statements are correct.
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With reference to the foreign trade, consider the following statements:1. The Centre had earlier extended the foreign trade policy (FTP) 2015-20 until September 30 this year due to the COVID-19 crisis.2. The FTP provides guidelines for enhancing exports to push economic growth and create jobs.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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