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Questions and Answers
Match the following foreign trade measures with their descriptions:
Match the following foreign trade measures with their descriptions:
Special Economic Zones (SEZ) = Designated areas with special economic regulations to attract foreign investment and promote exports Export Oriented Units (EOUs) = Special units that are oriented towards exporting goods and services Joint ventures = Collaborative business arrangements between Indian and foreign companies Foreign investments promotion = Measures to attract and facilitate investments from and into India
Match the following terms with their descriptions related to foreign trade financing:
Match the following terms with their descriptions related to foreign trade financing:
Letter of Credit (LC) = A financial document issued by a bank guaranteeing payment to a seller on behalf of a buyer Bill of Exchange = A written order to pay a certain sum of money to a specified person Export-Import Bank (EXIM Bank) = A government agency that provides financial assistance to exporters and importers Trade finance = Methods and instruments used to facilitate international trade and commerce
Match the following with their roles in foreign trade promotion:
Match the following with their roles in foreign trade promotion:
Directorate General of Foreign Trade (DGFT) = Regulatory authority responsible for formulating and implementing foreign trade policies Export Promotion Councils (EPCs) = Organizations that promote and support specific export sectors or commodities Indian Trade Promotion Organization (ITPO) = Facilitates trade fairs, exhibitions, and promotional activities to boost Indian exports Foreign Trade Development Council (FTDC) = A body that facilitates and promotes foreign trade development initiatives and collaborations
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