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All of the following statements except one are correct about the Foreign Trade Policy, 2004-09. Identify the incorrect statement:
- a)Certain thrust areas like agriculture, handlooms, handicrafts etc. have been identified.
- b)Vishesh Krishiupaj Yojana has been started.
- c)‘Served from India’ scheme has been started.
- d)The entry of FDI in India has been restricted.
Correct answer is option 'D'. Can you explain this answer?
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All of the following statements except one are correct about the Forei...
Foreign Trade Policy, 2004-09
Introduction:
The Foreign Trade Policy (FTP) for the period 2004-09 was formulated by the Government of India to promote and regulate foreign trade activities. It aimed to boost exports, improve the competitiveness of Indian industries, and attract foreign direct investment (FDI). Several initiatives were undertaken during this period to achieve these objectives.
Correct Statements:
a) Certain thrust areas like agriculture, handlooms, handicrafts, etc. have been identified.
During the period of 2004-09, the FTP identified certain sectors such as agriculture, handlooms, handicrafts, etc., as thrust areas. These sectors were given special attention and support to promote their growth and enhance their contribution to export earnings.
b) Vishesh Krishiupaj Yojana has been started.
The Vishesh Krishi Udyog Yojana (VKUY) was indeed introduced during the 2004-09 FTP. Under this scheme, exporters of specified agricultural products were provided with duty credit scrips. These scrips could be used to offset various duties and taxes on import of inputs, capital goods, or other products.
c) Served from India scheme has been started.
The Served from India Scheme (SFIS) was also launched as part of the 2004-09 FTP. It aimed to provide incentives to Indian service providers who were exporting their services. Eligible service providers were given duty credit scrips based on a percentage of their net foreign exchange earnings.
Incorrect Statement:
d) The entry of FDI in India has been restricted.
This statement is incorrect. The FTP for the period 2004-09 aimed to attract FDI and create a favorable environment for foreign investors. Several measures were taken to liberalize the FDI policy and encourage foreign companies to invest in India. The government introduced various reforms and initiatives to ease restrictions, simplify procedures, and provide incentives for FDI inflows.
Key Points:
- The 2004-09 FTP aimed to boost exports, improve competitiveness, and attract FDI.
- Certain sectors like agriculture, handlooms, handicrafts were identified as thrust areas.
- The VKUY and SFIS schemes were introduced during this period.
- The FTP aimed to attract FDI and liberalize the FDI policy.
In conclusion, the incorrect statement is option 'd' which claims that the entry of FDI in India was restricted during the 2004-09 FTP. In reality, the policy aimed to attract FDI and implemented measures to promote foreign investment.
Introduction:
The Foreign Trade Policy (FTP) for the period 2004-09 was formulated by the Government of India to promote and regulate foreign trade activities. It aimed to boost exports, improve the competitiveness of Indian industries, and attract foreign direct investment (FDI). Several initiatives were undertaken during this period to achieve these objectives.
Correct Statements:
a) Certain thrust areas like agriculture, handlooms, handicrafts, etc. have been identified.
During the period of 2004-09, the FTP identified certain sectors such as agriculture, handlooms, handicrafts, etc., as thrust areas. These sectors were given special attention and support to promote their growth and enhance their contribution to export earnings.
b) Vishesh Krishiupaj Yojana has been started.
The Vishesh Krishi Udyog Yojana (VKUY) was indeed introduced during the 2004-09 FTP. Under this scheme, exporters of specified agricultural products were provided with duty credit scrips. These scrips could be used to offset various duties and taxes on import of inputs, capital goods, or other products.
c) Served from India scheme has been started.
The Served from India Scheme (SFIS) was also launched as part of the 2004-09 FTP. It aimed to provide incentives to Indian service providers who were exporting their services. Eligible service providers were given duty credit scrips based on a percentage of their net foreign exchange earnings.
Incorrect Statement:
d) The entry of FDI in India has been restricted.
This statement is incorrect. The FTP for the period 2004-09 aimed to attract FDI and create a favorable environment for foreign investors. Several measures were taken to liberalize the FDI policy and encourage foreign companies to invest in India. The government introduced various reforms and initiatives to ease restrictions, simplify procedures, and provide incentives for FDI inflows.
Key Points:
- The 2004-09 FTP aimed to boost exports, improve competitiveness, and attract FDI.
- Certain sectors like agriculture, handlooms, handicrafts were identified as thrust areas.
- The VKUY and SFIS schemes were introduced during this period.
- The FTP aimed to attract FDI and liberalize the FDI policy.
In conclusion, the incorrect statement is option 'd' which claims that the entry of FDI in India was restricted during the 2004-09 FTP. In reality, the policy aimed to attract FDI and implemented measures to promote foreign investment.
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All of the following statements except one are correct about the Foreign Trade Policy, 2004-09. Identify the incorrect statement:a)Certain thrust areas like agriculture, handlooms, handicrafts etc. have been identified.b)Vishesh Krishiupaj Yojana has been started.c)Served from India scheme has been started.d)The entry of FDI in India has been restricted.Correct answer is option 'D'. Can you explain this answer?
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All of the following statements except one are correct about the Foreign Trade Policy, 2004-09. Identify the incorrect statement:a)Certain thrust areas like agriculture, handlooms, handicrafts etc. have been identified.b)Vishesh Krishiupaj Yojana has been started.c)Served from India scheme has been started.d)The entry of FDI in India has been restricted.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about All of the following statements except one are correct about the Foreign Trade Policy, 2004-09. Identify the incorrect statement:a)Certain thrust areas like agriculture, handlooms, handicrafts etc. have been identified.b)Vishesh Krishiupaj Yojana has been started.c)Served from India scheme has been started.d)The entry of FDI in India has been restricted.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for All of the following statements except one are correct about the Foreign Trade Policy, 2004-09. Identify the incorrect statement:a)Certain thrust areas like agriculture, handlooms, handicrafts etc. have been identified.b)Vishesh Krishiupaj Yojana has been started.c)Served from India scheme has been started.d)The entry of FDI in India has been restricted.Correct answer is option 'D'. Can you explain this answer?.
All of the following statements except one are correct about the Foreign Trade Policy, 2004-09. Identify the incorrect statement:a)Certain thrust areas like agriculture, handlooms, handicrafts etc. have been identified.b)Vishesh Krishiupaj Yojana has been started.c)Served from India scheme has been started.d)The entry of FDI in India has been restricted.Correct answer is option 'D'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about All of the following statements except one are correct about the Foreign Trade Policy, 2004-09. Identify the incorrect statement:a)Certain thrust areas like agriculture, handlooms, handicrafts etc. have been identified.b)Vishesh Krishiupaj Yojana has been started.c)Served from India scheme has been started.d)The entry of FDI in India has been restricted.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for All of the following statements except one are correct about the Foreign Trade Policy, 2004-09. Identify the incorrect statement:a)Certain thrust areas like agriculture, handlooms, handicrafts etc. have been identified.b)Vishesh Krishiupaj Yojana has been started.c)Served from India scheme has been started.d)The entry of FDI in India has been restricted.Correct answer is option 'D'. Can you explain this answer?.
Solutions for All of the following statements except one are correct about the Foreign Trade Policy, 2004-09. Identify the incorrect statement:a)Certain thrust areas like agriculture, handlooms, handicrafts etc. have been identified.b)Vishesh Krishiupaj Yojana has been started.c)Served from India scheme has been started.d)The entry of FDI in India has been restricted.Correct answer is option 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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