During the first nine months of the financial year 2013-14, Indias exports registered the growth of

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

During the first nine months of the financial year 2013-14, India’s exports registered the growth of

A	2.98%
B	5.94%
C	-4.76%
D	-0.0594

Explanation:

Detailed explanation-1: -On cumulative basis, India’s exports grew by 4.1 per cent to US$ 312.6 billion in 2013-14 as against a decline of 1.8 per cent at US$ 300.4 billion in 2012-13 (Table 1) (Chart 1).

Detailed explanation-2: -Easy Import of samples: Number of sample pieces has been increased from the existing 15 to 50. This will facilitate the the duty free import of samples by exporters. Greater flexibility has been permitted to allow conversion of Shipping Bills from one Export Promotion scheme to other scheme.

Detailed explanation-3: -TRADE SUMMARY FOR INDIA 2013 The total value of exports (FoB) was 336, 611 million. The total value of imports (CIF) was 466, 046 million. At the HS6 digit level, 4, 444 products were exported to 221 countries and 4, 336 products were imported from 208 countries.

Detailed explanation-4: -TRADE SUMMARY FOR INDIA 2014 The total value of exports (FoB) was 317, 545 million. The total value of imports (CIF) was 459, 369 million. At the HS6 digit level, 4, 434 products were exported to 221 countries and 4, 331 products were imported from 222 countries.

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