|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.
You need to login to perform this action.
You will be redirected in 3 sec