5 Questions
What is the role of ECGC in India's foreign trade?
To provide export credit insurance to exporters
What are the functions of Foreign Exchange Market?
To facilitate the exchange of currencies and determine exchange rates
Explain the advantages of Foreign Direct Investment (FDI) to host countries.
FDI brings in capital, technology, and expertise, which can boost economic growth and create job opportunities.
What is the purpose of Export Processing Zones (EPZs) in India?
To promote exports by providing special incentives and infrastructure to businesses operating within the zones.
How does the Export-Import Bank of India (EXIM Bank) support foreign trade?
EXIM Bank provides financial assistance, credit, and guarantees to facilitate exports and imports.
This quiz covers recent trends in India’s foreign trade, commercial relations and trade agreements with other countries, export promotion infrastructure, assistance, finance, EPZs, SEZs, transportation modes, SSI exports, and the roles of ECGC, EXIM Bank, Commodity Boards, and State Trading Agencies.
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