UPSC Prelims Practice Questions — Old alliances, new markets: Two-path formula for export growth
Q1. The Export Promotion Mission (EPM), approved by the Union Cabinet to operationalise India's two-path export strategy, is administered by which of the following?
- A. Department of Commerce, Ministry of Commerce & Industry
- B. Department for Promotion of Industry and Internal Trade, Ministry of Commerce & Industry
- C. Ministry of Micro, Small and Medium Enterprises
- D. Department of Economic Affairs, Ministry of Finance
Q2. Which of the following is the flagship unified scheme announced in the Union Budget 2025-26 to consolidate fragmented export promotion programmes into a single outcome-based mechanism for Indian exporters?
- A. Export Promotion Mission (EPM)
- B. Remission of Duties and Taxes on Exported Products (RoDTEP)
- C. Foreign Trade Policy 2023
- D. Niryat Bandhu Scheme
Q3. In the context of India's export ecosystem, the term 'RoDTEP' refers to which of the following?
- A. A scheme that refunds embedded central, state and local taxes/duties on exported products that are not otherwise rebated
- B. A scheme that provides interest equalisation on pre- and post-shipment rupee export credit to MSME exporters
- C. A duty-free import authorisation for inputs used in the manufacture of exported goods
- D. A premium-rated insurance cover extended by ECGC against political and commercial risks in new export markets
Q4. What is the total outlay approved by the Union Cabinet for the Export Promotion Mission (EPM) covering the period FY 2025-26 to FY 2030-31?
- A. ₹25,060 crore
- B. ₹15,000 crore
- C. ₹50,000 crore
- D. ₹10,683 crore