CA Foundation Exam > CA Foundation Questions > DFEC stands for :a)Direct foreign exchange co...
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DFEC stands for :
- a)Direct foreign exchange control
- b)Direct finance exchange control
- c)Duty free export credit
- d)Duty free exchange credit
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
DFEC stands for :a)Direct foreign exchange controlb)Direct finance exc...
DFEC stands for Duty Free Export Credit. It is a type of financial support provided by the government to exporters. DFEC aims to reduce the cost of production and encourage the export of goods. The credit is granted for a specific period and is repayable in the currency of the country of export.
Benefits of DFEC:
1. Lowers the cost of production: DFEC reduces the cost of production by providing credit at lower interest rates. This makes the goods cheaper and more competitive in the global market.
2. Encourages export: DFEC encourages export by providing financial support to exporters. This helps in increasing the country's foreign exchange earnings and improving the balance of payments.
3. Improves competitiveness: DFEC helps in improving the competitiveness of the exporter by providing credit at a lower cost. This enables the exporter to produce goods at a lower cost, making them more competitive in the global market.
4. Enables exporters to expand their business: DFEC provides financial support to exporters, which enables them to expand their business and explore new markets.
Conclusion:
DFEC is a financial support provided by the government to exporters. It aims to reduce the cost of production and encourage the export of goods. DFEC provides credit at a lower cost, which improves the competitiveness of the exporter and enables them to expand their business.
Benefits of DFEC:
1. Lowers the cost of production: DFEC reduces the cost of production by providing credit at lower interest rates. This makes the goods cheaper and more competitive in the global market.
2. Encourages export: DFEC encourages export by providing financial support to exporters. This helps in increasing the country's foreign exchange earnings and improving the balance of payments.
3. Improves competitiveness: DFEC helps in improving the competitiveness of the exporter by providing credit at a lower cost. This enables the exporter to produce goods at a lower cost, making them more competitive in the global market.
4. Enables exporters to expand their business: DFEC provides financial support to exporters, which enables them to expand their business and explore new markets.
Conclusion:
DFEC is a financial support provided by the government to exporters. It aims to reduce the cost of production and encourage the export of goods. DFEC provides credit at a lower cost, which improves the competitiveness of the exporter and enables them to expand their business.
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DFEC stands for :a)Direct foreign exchange controlb)Direct finance exc...
It is just an abbreviation (full form) it doesn't have any explanation.
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DFEC stands for :a)Direct foreign exchange controlb)Direct finance exchange controlc)Duty free export creditd)Duty free exchange creditCorrect answer is option 'C'. Can you explain this answer?
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DFEC stands for :a)Direct foreign exchange controlb)Direct finance exchange controlc)Duty free export creditd)Duty free exchange creditCorrect answer is option 'C'. 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 DFEC stands for :a)Direct foreign exchange controlb)Direct finance exchange controlc)Duty free export creditd)Duty free exchange creditCorrect answer is option 'C'. 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 DFEC stands for :a)Direct foreign exchange controlb)Direct finance exchange controlc)Duty free export creditd)Duty free exchange creditCorrect answer is option 'C'. Can you explain this answer?.
DFEC stands for :a)Direct foreign exchange controlb)Direct finance exchange controlc)Duty free export creditd)Duty free exchange creditCorrect answer is option 'C'. 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 DFEC stands for :a)Direct foreign exchange controlb)Direct finance exchange controlc)Duty free export creditd)Duty free exchange creditCorrect answer is option 'C'. 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 DFEC stands for :a)Direct foreign exchange controlb)Direct finance exchange controlc)Duty free export creditd)Duty free exchange creditCorrect answer is option 'C'. Can you explain this answer?.
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