UPSC Exam > UPSC Questions > Consider the following statements:Statement-...
Start Learning for Free
Consider the following statements:
Statement-I:
The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.
The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.
Statement-II:
The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.
The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.
Which one of the following is correct in respect of the above statements?
- a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-I
- b)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-I
- c)Statement-I is correct, but Statement-II is incorrect
- d)Statement-I is incorrect, but Statement-II is correct
Correct answer is option 'C'. Can you explain this answer?
| FREE This question is part of | Download PDF Attempt this Test |
Most Upvoted Answer
Consider the following statements:Statement-I:The RoDTEP scheme is a ...
Understanding RoDTEP and MEIS Schemes
The RoDTEP (Remission of Duties and Taxes on Export Products) scheme was introduced by the Government of India to replace the MEIS (Merchandise Exports from India Scheme). This transition aims to align India’s export incentives with World Trade Organization (WTO) regulations, which discourage subsidies that distort trade.
Statement-I Analysis
- Correctness: Statement-I is correct as RoDTEP indeed replaces MEIS and is structured to comply with WTO norms.
- Purpose: The primary goal of RoDTEP is to provide refunds on duties and taxes that are not reimbursed through other schemes.
Statement-II Analysis
- Correctness: Statement-II is incorrect. The RoDTEP scheme is not limited to merchant exporters; it also provides benefits to manufacturers who export goods.
- Inclusivity: The scheme is designed to cover a broad range of exporters, ensuring that both merchants and manufacturers can benefit from the incentives.
Conclusion
In summary, while Statement-I accurately reflects the nature of the RoDTEP scheme, Statement-II incorrectly restricts its benefits to only merchant exporters. Thus, the correct answer is option 'C': "Statement-I is correct, but Statement-II is incorrect." This distinction is crucial for understanding the scope and intent of India's export promotion policies.
The RoDTEP (Remission of Duties and Taxes on Export Products) scheme was introduced by the Government of India to replace the MEIS (Merchandise Exports from India Scheme). This transition aims to align India’s export incentives with World Trade Organization (WTO) regulations, which discourage subsidies that distort trade.
Statement-I Analysis
- Correctness: Statement-I is correct as RoDTEP indeed replaces MEIS and is structured to comply with WTO norms.
- Purpose: The primary goal of RoDTEP is to provide refunds on duties and taxes that are not reimbursed through other schemes.
Statement-II Analysis
- Correctness: Statement-II is incorrect. The RoDTEP scheme is not limited to merchant exporters; it also provides benefits to manufacturers who export goods.
- Inclusivity: The scheme is designed to cover a broad range of exporters, ensuring that both merchants and manufacturers can benefit from the incentives.
Conclusion
In summary, while Statement-I accurately reflects the nature of the RoDTEP scheme, Statement-II incorrectly restricts its benefits to only merchant exporters. Thus, the correct answer is option 'C': "Statement-I is correct, but Statement-II is incorrect." This distinction is crucial for understanding the scope and intent of India's export promotion policies.
Free Test
FREE
| Start Free Test |
Community Answer
Consider the following statements:Statement-I:The RoDTEP scheme is a ...
Statement-I is accurate because the RoDTEP scheme indeed replaced the MEIS scheme and aims to comply with WTO regulations. However, Statement-II is incorrect as the RoDTEP scheme is inclusive, catering to both manufacturers and merchant exporters without any restrictions based on turnover.
Attention UPSC Students!
To make sure you are not studying endlessly, EduRev has designed UPSC study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in UPSC.
|
Explore Courses for UPSC exam
|
|
Similar UPSC Doubts
Top Courses for UPSCView all
Consider the following statements:Statement-I:The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.Statement-II:The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?
Question Description
Consider the following statements:Statement-I:The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.Statement-II:The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. 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 Consider the following statements:Statement-I:The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.Statement-II:The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.Statement-II:The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?.
Consider the following statements:Statement-I:The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.Statement-II:The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. 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 Consider the following statements:Statement-I:The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.Statement-II:The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:Statement-I:The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.Statement-II:The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?.
Solutions for Consider the following statements:Statement-I:The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.Statement-II:The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.
Here you can find the meaning of Consider the following statements:Statement-I:The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.Statement-II:The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of
Consider the following statements:Statement-I:The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.Statement-II:The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer?, a detailed solution for Consider the following statements:Statement-I:The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.Statement-II:The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? has been provided alongside types of Consider the following statements:Statement-I:The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.Statement-II:The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? theory, EduRev gives you an
ample number of questions to practice Consider the following statements:Statement-I:The RoDTEP scheme is a replacement for the MEIS scheme and is designed to comply with WTO regulations.Statement-II:The RoDTEP scheme provides incentives solely to merchant exporters and not to manufacturers.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'C'. Can you explain this answer? tests, examples and also practice UPSC tests.
|
|
Explore Courses for UPSC exam
|
|
Suggested Free Tests
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup