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With reference to the Foreign Trade Policy (FTP) 2015-2020, consider the following statements:
1. The present Policy which came into force on 1st April 2015, was for 5 years and was extended thereafter upto 31st March, 2021.
2. Under the recent extension, the validity period of the Status Holder Certificates is not extended.
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 'A'. Can you explain this answer?
Most Upvoted Answer
With reference to the Foreign Trade Policy (FTP) 2015-2020, consider t...
Explanation:

Statement 1:
- The present Foreign Trade Policy (FTP) 2015-2020 came into force on 1st April 2015, and it was indeed originally for 5 years.
- The Policy was extended thereafter up to 31st March 2021, as mentioned.

Statement 2:
- Under the recent extension of the FTP, the validity period of the Status Holder Certificates is not extended.
- This means that statement 2 is incorrect as the Status Holder Certificates' validity period remains unchanged.
Therefore, only Statement 1 is correct.
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With reference to the Foreign Trade Policy (FTP) 2015-2020, consider the following statements:1. The present Policy which came into force on 1st April 2015, was for 5 years and was extended thereafter upto 31st March, 2021.2. Under the recent extension, the validity period of the Status Holder Certificates is not extended.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 'A'. Can you explain this answer?
Question Description
With reference to the Foreign Trade Policy (FTP) 2015-2020, consider the following statements:1. The present Policy which came into force on 1st April 2015, was for 5 years and was extended thereafter upto 31st March, 2021.2. Under the recent extension, the validity period of the Status Holder Certificates is not extended.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 'A'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the Foreign Trade Policy (FTP) 2015-2020, consider the following statements:1. The present Policy which came into force on 1st April 2015, was for 5 years and was extended thereafter upto 31st March, 2021.2. Under the recent extension, the validity period of the Status Holder Certificates is not extended.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 'A'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Foreign Trade Policy (FTP) 2015-2020, consider the following statements:1. The present Policy which came into force on 1st April 2015, was for 5 years and was extended thereafter upto 31st March, 2021.2. Under the recent extension, the validity period of the Status Holder Certificates is not extended.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 'A'. Can you explain this answer?.
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