UPSC Prelims Practice Questions — Centre announces ₹497 cr. RELIEF for exporters impacted by W. Asia crisis
Q1. In the context of the recently launched ₹497 crore scheme for Indian exporters, what does the acronym 'RELIEF' stand for?
- A. Rapid Export Logistics and Insurance Emergency Fund
- B. Resilience & Logistics Intervention for Export Facilitation
- C. Reimbursement for Exporters' Logistics, Insurance and Export Freight
- D. Resilient Export Linkage and International Exchange Framework
Q2. With reference to the RELIEF scheme (2026) and the Export Promotion Mission (EPM) under which it is housed, consider the following statements:
1. The Export Promotion Mission was approved in the Union Budget 2025–26 with a multi-year outlay of ₹25,060 crore for FY 2025–26 to 2030–31.
2. RELIEF is a stand-alone Cabinet-approved mission with an outlay separate from, and independent of, the Export Promotion Mission.
3. While EPM is a multi-year umbrella mission for export competitiveness, RELIEF is a time-bound crisis-response intervention tied to the West Asia logistics disruption.
Which of the statements given above is/are correct?
- The Export Promotion Mission was approved in the Union Budget 2025–26 with a multi-year outlay of ₹25,060 crore for FY 2025–26 to 2030–31.
- RELIEF is a stand-alone Cabinet-approved mission with an outlay separate from, and independent of, the Export Promotion Mission.
- While EPM is a multi-year umbrella mission for export competitiveness, RELIEF is a time-bound crisis-response intervention tied to the West Asia logistics disruption.
- A. 1 and 2 only
- B. 1 and 3 only
- C. 2 and 3 only
- D. 1, 2 and 3
Q3. Which of the following has been designated as the nodal and implementing agency for the ₹497 crore RELIEF scheme for exporters affected by the West Asia crisis?
- A. Directorate General of Foreign Trade (DGFT)
- B. Export-Import Bank of India (EXIM Bank)
- C. Export Credit Guarantee Corporation of India Ltd (ECGC)
- D. Federation of Indian Export Organisations (FIEO)
Q4. The Inter-Ministerial Group (IMG) constituted alongside the RELIEF scheme to monitor the West Asia export situation on a daily basis is chaired by which one of the following?
- A. Cabinet Secretary
- B. Foreign Secretary
- C. Commerce Secretary
- D. Finance Secretary
Q5. The RELIEF scheme has been necessitated primarily by the disruption of which one of the following maritime chokepoints, identified as the principal corridor for India's exports to the Gulf?
- A. Bab-el-Mandeb
- B. Strait of Hormuz
- C. Suez Canal
- D. Strait of Malacca