UPSC Prelims Practice Questions — Union Minister of Commerce and Industry Shri Piyush Goyal Launches Export Promotion Mission to Boost MSME Exports and Strengthen Global Competitiveness

Q1. The Export Promotion Mission is anchored as a flagship initiative primarily of which one of the following?

  • A. Department of Commerce
  • B. Ministry of Micro, Small and Medium Enterprises
  • C. Ministry of Finance
  • D. Ministry of Textiles

Q2. Which one of the following has been designated the implementing agency for the Export Promotion Mission, handling processes from application to disbursal through a dedicated digital platform?

  • A. Directorate General of Foreign Trade (DGFT)
  • B. Directorate General of Commercial Intelligence and Statistics (DGCI&S)
  • C. Directorate General of Trade Remedies (DGTR)
  • D. Export Credit Guarantee Corporation (ECGC)

Q3. Within the Export Promotion Mission, the sub-scheme 'Niryat Disha' primarily refers to which one of the following?

  • A. Non-financial, market-access and ecosystem enablers such as quality and compliance support, branding, trade fairs, warehousing and logistics
  • B. Trade-finance enablers such as interest subvention, export factoring and credit guarantees
  • C. A dedicated credit-guarantee corpus operated in partnership with CGTMSE
  • D. A digital dashboard for monitoring district-wise export targets

Q4. Under the export factoring intervention of Niryat Protsahan, interest subvention on factoring cost is available only for factoring undertaken through entities recognised by which one of the following?

  • A. RBI / IFSCA
  • B. SEBI
  • C. IRDAI
  • D. Only public-sector banks, to the exclusion of all other entities

Q5. The collateral guarantee support for MSME export credit under the Export Promotion Mission is operationalised in partnership with which one of the following?

  • A. Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
  • B. Export Credit Guarantee Corporation (ECGC)
  • C. Credit Guarantee Fund for Micro Units (CGFMU)
  • D. National Credit Guarantee Trustee Company (NCGTC)

Q6. Among the interventions launched under the Export Promotion Mission, 'TRACE' is best described as which one of the following?

  • A. Trade Regulations, Accreditation & Compliance Enablement — supporting exporters in meeting testing, inspection and certification (conformity) requirements
  • B. Trade Remedies and Anti-dumping Compliance Enforcement — investigating unfair import pricing
  • C. Transport Reimbursement And Cluster Enablement — reimbursing inland freight for remote-district exporters
  • D. Trade Receivables And Credit Enhancement — a factoring platform for export receivables

Q7. The revised MSME classification criteria effective from 1 April 2025 (enhancing investment and turnover limits), which underpin the pool of enterprises targeted by export-promotion measures, were notified by which one of the following?

  • A. Ministry of Micro, Small and Medium Enterprises
  • B. Department for Promotion of Industry and Internal Trade (DPIIT)
  • C. Department of Commerce
  • D. Ministry of Finance