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It is an agency of the Union Ministry of Commerce and Industry, established in 1991 and is responsible for  administering laws regarding foreign trade and foreign investment in India  and for the execution of India’s import and export Policy. It offers facilitation to exporters in connection with developments in international trade such as WTO Agreements, Rules of Origin etc.
Which of the following bodies has been described above?
  • a)
    Agricultural and Processed Food Products Export Development Authority(APEDA)
  • b)
    The Directorate General of Foreign Trade (DGFT) 
  • c)
    Cabinet Committee on Economic Affairs
  • d)
    Export Promotion Councils(EPCs
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
It is an agency of the Union Ministry of Commerce and Industry, establ...
The Directorate General of Foreign Trade (DGFT): 
  • It is an agency of the Union Ministry of Commerce and Industry, established in 1991 and is responsible for implementing the country’s foreign trade policy. 
  • Headquarters: New Delhi with 38 regional offices 
  • The Appointments Committee of Cabinet (ACC) appoints the DGFT. 
  • It is responsible for administering laws regarding foreign trade and foreign investment in India and for the execution of India’s import and export Policy. 
  • It offers facilitation to exporters in connection with developments in international trade such as WTO Agreements, Rules of Origin etc.
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It is an agency of the Union Ministry of Commerce and Industry, established in 1991 and isresponsible for administering laws regarding foreign trade and foreign investment in Indiaand for the execution of India’s import and export Policy. It offers facilitation to exporters inconnection with developments in international trade such as WTO Agreements, Rules of Originetc.Which of the following bodies has been described above?a)Agricultural and Processed Food Products Export Development Authority(APEDA)b)The Directorate General of Foreign Trade (DGFT)c)Cabinet Committee on Economic Affairsd)Export Promotion Councils(EPCsCorrect answer is option 'B'. Can you explain this answer?
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