UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Foreign Trade and Investment in India

  • question_answer
          Which is the correct statement according to FTP 15 - 20?
    I. FTP 2015-20 introduces two new schemes, namely "Merchandise Exports from India Scheme (MEIS)" and "Services Exports from India Scheme (SEIS)"
    II. These schemes (MEIS and SEIS) replace multiple schemes earlier in place, each with different conditions for eligibility and usage.
    III. Incentives (MEIS & SEIS) to be available for SEZs also e-Commerce of handicrafts, handlooms, books etc., eligible for benefits of MEIS.
    IV. FTP benefits from both MEIS & SEIS will be extended to units located in SEZs.

    A) I & II                            

    B) II & IV

    C) Only III           

    D) All the above

    Correct Answer: D

    Solution :

    These schemes (MEIS and SEIS) replace multiple schemes earlier in place, each with different conditions for eligibility and usage. Incentives (MEIS & SEIS) to be available for SEZs also e-Commerce of handicrafts, handlooms, books etc., eligible for benefits of MEIS. FTP benefits from both MEIS & SEIS will be extended to units located in SEZs.


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