Trade Promotion Schemes — MCQ Practice
Interactive MCQ Practice
Test your knowledge. Click “Solve” to reveal options, select your answer, then check the result. 5 questions available.
Which of the following statements regarding the Remission of Duties and Taxes on Exported Products (RoDTEP) scheme is/are correct? 1. It aims to refund embedded taxes and duties not otherwise rebated. 2. It replaced the Service Exports from India Scheme (SEIS). 3. It is considered WTO-compliant as it does not provide an export subsidy. Select the correct answer using the code given below:
Which of the following schemes allows for the duty-free import of capital goods for export production, subject to an export obligation?
Consider the following statements regarding India's Foreign Trade Policy and WTO compliance: 1. India lost its developing country status for the purpose of export subsidies under WTO rules in 2017. 2. The WTO ruling against India's export schemes primarily focused on the Agreement on Agriculture. 3. The Production Linked Incentive (PLI) schemes are considered a direct replacement for MEIS and SEIS. Which of the statements given above is/are correct?
Which of the following is the nodal agency responsible for formulating and implementing India's Foreign Trade Policy and administering trade promotion schemes?
The term 'Deemed Exports' under India's Foreign Trade Policy refers to: