UPSC Prelims Practice Questions — India’s Total Exports Rise to USD 714.73 Billion in FY 2025–26 (Apr–Jan)

Q1. Through how many integrated sub-schemes is the Export Promotion Mission (EPM) operationalised?

  • A. Two
  • B. Three
  • C. Four
  • D. Six

Q2. The Export Promotion Mission, with an outlay of Rs.25,060 crore, was approved by the Union Cabinet in which month and year?

  • A. February 2025
  • B. November 2025
  • C. July 2025
  • D. March 2026

Q3. The RELIEF scheme to cushion exporters against West Asia maritime logistics disruptions has been launched as a time-bound intervention under which one of the following?

  • A. Export Promotion Mission
  • B. Foreign Trade Policy 2023
  • C. Interest Equalisation Scheme
  • D. Market Access Initiative Scheme

Q4. During April-January FY 2025-26, India's services exports were estimated at approximately which one of the following figures?

  • A. USD 354 billion
  • B. USD 366 billion
  • C. USD 387 billion
  • D. USD 320 billion

Q5. In India's export data, the headline 'total exports' figure (e.g., USD 714.73 billion for Apr-Jan FY 2025-26) refers to which one of the following?

  • A. Merchandise exports plus services exports
  • B. Merchandise exports only
  • C. Exports of goods minus imports of goods (net exports)
  • D. Merchandise exports plus net invisibles

Q6. ECGC Ltd., the nodal agency for the RELIEF scheme, functions under the administrative control of which one of the following?

  • A. Ministry of Commerce & Industry
  • B. Ministry of Finance
  • C. Reserve Bank of India
  • D. Ministry of Micro, Small and Medium Enterprises

Q7. Under DGFT's online system, a digitally signed e-IEC (Importer Exporter Code) is issued to an applicant within how many working days?

  • A. Two
  • B. Seven
  • C. Fifteen
  • D. Thirty

Q8. Which of the following are correctly identified as components of the EPM sub-scheme Niryat Protsahan (financial enablers)?

  1. Interest subvention for MSME exporters.
  2. Collateral guarantees and export factoring support.
  3. Assistance for international branding, packaging and participation in trade fairs.
  4. Credit cards for e-commerce exporters.
  • A. 1, 2 and 4
  • B. 1 and 3
  • C. 2 and 4
  • D. 1, 3 and 4