Question : The Foreign Trade Policy of India is formulated by which organization?
Option 1: Reserve Bank of India (RBI)
Option 2: Ministry of Commerce and Industry
Option 3: Ministry of Finance
Option 4: Department of Industrial Policy and Promotion (DIPP)
Correct Answer: Ministry of Commerce and Industry
Solution : The correct answer is (b) Ministry of Commerce and Industry.
The Ministry of Commerce and Industry is responsible for formulating and implementing the foreign trade policy of India. The ministry plays a crucial role in shaping the country's trade and commerce activities, both domestically and internationally.
The Ministry of Commerce and Industry, in collaboration with various departments and agencies, develops the FTP after considering inputs from stakeholders, industry associations, and trade experts. The policy is periodically revised to align with changing global trade dynamics, economic priorities, and the overall development goals of the country.
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Question : The Economic Survey of India is prepared by the:
Option 1: Ministry of Finance
Option 2: Reserve Bank of India (RBI)
Option 3: Planning Commission of India
Option 4: Ministry of Commerce and Industry
Question : The Minimum Support Price (MSP) for agricultural produce in India is announced by which organization?
Option 2: Ministry of Agriculture
Option 3: Food Corporation of India (FCI)
Question : The monetary policy is India is formulated by:
Option 1: central government
Option 2: industrial financial corporation of India
Option 3: Reserve Bank of India
Option 4: Industrial Development Bank of India
Question : The Economic Survey of India is presented annually by which organization?
Option 2: Ministry of Finance
Option 3: Securities and Exchange Board of India (SEBI)
Option 4: Planning Commission
Question : Monetray policy in India is formulated by:
Option 1: Finance Ministry
Option 2: RBI
Option 3: SEBI
Option 4: CLB
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