Trade promotion Current Affairs, GK & News
1. The 2004-09 Foreign Trade Policy gave emphasis to [A]import substitution [B]increasing customs duty [C]export promotion [D]long term trade relations export promotion Show Answer 2. Markets fail when [A]they do not maximise the aggregate consumer and producer surplus [B]they maximise aggregate consumer and producer surplus [C]they equalise the aggregate consumer and producer surplus [D]they escalate ..
1. The new Foreign Trade Policy of the Union Government was unveiled by the commerce Minister Shri. Kamal Nath on August 31, 2004. With foreign trade largely freed and import duties falling progressively, the policy have necessarily restricted itself to a facilitating role rather. This policy stated, “Trade is not an end in itself , ..