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FTP

Total questions: 15

Worksheet time: 7mins

Name
Class
Date
1.

The tenure of a foreign trade policy generally is

a)

3 years

b)

5 years

c)

10years

d)

2 years

2.

EXIM policy was renamed FTP in the year

a)

1997

b)

1991

c)

2004

d)

2010

3.

Name two schemes introduced under new FTP.

a)

MEIS & SEIS

b)

MEIS & SIES

c)

MIES & SEIS

d)

None of the above

4.

The Government of India unveiled the current FTP 2015-2020 on

a)

30th March 2015

b)

31st March 2015

c)

1st April 2015

d)

30th April 2015

5.

RBI made Indian Rupee convertible in current account transactions related to goods and services in the year

a)

1991-1992

b)

1993-1994

c)

2010-2011

d)

1997-1998

6.

In India , exports and Imports come under the purview of

a)

Ministry of Home affairs

b)

Ministry of External affairs

c)

Ministry of Finance

d)

Ministry of commerce

7.

Who issues IEC code

a)

DEA

b)

DGFT

c)

RBI

d)

CCIE

8.

Which of the following are instruments of trade policy?

a)

Subsidies

b)

Import quotas

c)

Tariffs

d)

All of the above

9.

Which of the following continents accounts for the maximum share in exports from India?

a)

Asia

b)

Europe

c)

Africa

d)

North America

10.

India has witnessed a number of acute problems immediately prior to the implementation of economic reforms in the early 1990s. Among the following, which one was severe and unmanageable?

a)

Industrial backwardness

b)

Balance of Payment crisis

c)

Backwardness of agriculture

d)

Shortage of food grains

11.

During 2016-17, which of the following items under manufacturing goods sector had the highest share in India’s exports ?

a)

Gems and jewellery

b)

Engineering goods

c)

Chemical and related products

d)

Handicrafts

12.

Which of the following are the major reason for India’s recent sluggish export performance?

a)

Slowdown in demand from some major importers

b)

Appreciation of US dollars

c)

Labour laws in India

d)

High Cost of power in India

13.

DGFT stands for

a)

Director General of Foreign Trade

b)

Directorate General of Foreign Trade

c)

Director Generally of Foreign Trade

d)

Directorate General of Financial Trade

14.

FTP to be aligned to 'Make in India', -------------------and ---------------initiatives.

a)

Export India and Import India

b)

Digital India and Skill India

c)

Lead India and Skill India

d)

Self reliance India and Export India

15.

How many schemes are merged into one scheme for MEIS in 2015-20 India's Foreign Trade policy?

a)

4

b)

5

c)

6

d)

3