SSC Economics Sample Paper NCERT Sample Paper-3

  • question_answer
    Consider the following regarding Export Promotion Councils:
    1. There are at present twenty one export promotion council.
    2. It is under the administrative control of department of finance. Which of these statements is/are correct?

    A)  Only 1

    B)  Only 2

    C)  Both 1 and 2    

    D)         neither 1 nor 2

    Correct Answer: A

    Solution :

    [a] The basic objective of Export Promotion Councils is to promote and develop the exports of the country. Each Council is responsible for the promotion of a particular group of products, projects and services. As of today there are 21 EPCs. The EPCs shall be autonomous and regulate their own affairs. The Ministry of Commerce and Industry/Ministry of Textiles of the Government of India, as the case may be, would interact with the Managing Committee of the Council concerned, twice a year, once for approving their annual plans and budget and again for a mid-year appraisal and review of their performance.

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