BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

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

In India, which of the following agencies is responsible for announcing the Foreign Trade Policy?

A	RBI
B	EXIM Bank
C	Foreign Ministry
D	Industry and Commerce Ministry

Explanation:

Detailed explanation-1: -The Directorate General of Foreign Trade is a government organization in our country which is responsible for formulating guidelines for imports and exports in our country.

Detailed explanation-2: -Directorate General of Foreign Trade | Ministry of Commerce and Industry | Government of India.

Detailed explanation-3: -Directorate General of Foreign Trade (DGFT) Organization is an attached office of the Ministry of Commerce and Industry and is headed by Director General of Foreign Trade.

Detailed explanation-4: -IAS Exam Latest Updates. India’s Foreign Trade Policy is a set of guidelines for goods and services imported and exported. These are developed by the Directorate General of Foreign Trade (DGFT), the Ministry of Commerce and Industry’s regulating body for the promotion and facilitation of exports and imports.

Detailed explanation-5: -The Ministry of Commerce and Industry administers two departments, the Department of Commerce and the Department for Promotion of Industry & Internal Trade. The head of the Ministry is a Minister of Cabinet rank.

There is 1 question to complete.