The Union Government to adopt three-pronged approach to spur internal trade.Which of the following is a part of these approach

2016

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

A	Establishing a regulatory body for national internal trade
B	Comprehensive domestic trade policy
C	Board for Internal Trade.
D	All of these

Explanation:

Detailed explanation-1: -Establishing a regulatory body for national internal trade (retail and wholesale) Comprehensive domestic trade policy and. Board for Internal Trade.

Detailed explanation-2: -Internal trade can be classified into two broad categories viz., (i) wholesale trade and (ii) retail trade.

Detailed explanation-3: -Features of Internal Trade (a) The buying and selling of goods takes place within the boundaries of the same country. (b) Payment for goods and services is made in the currency of the home country. (c) It involves transactions between the producers, consumers and the middlemen.

Detailed explanation-4: -Internal Trade also known as Domestic Trade is the buying and selling of goods and services within the confines of the international boundaries of a nation.

Detailed explanation-5: -Buying and selling of goods and services within the boundaries of a nation are referred to as internal trade. No custom duty or import duty is levied on such trade as goods are the part of domestic production and consumption. Internal trade can be classified into two broad categories. (i) Wholesale trade.

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