Foreign Trade Policy in India is announced by the: MCQ with Answer and Explanation

Foreign Trade Policy in India is announced by the:
A. Ministry of Finance
B. Ministry of External Affairs
C. Ministry of Commerce and Industry
D. RBI
Answer: Option C
Solution (By JKSSB Mock Tests)
Foreign Trade Policy is formulated by the Ministry of Commerce and Industry.

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Practice More Economy Set 1 Questions

Question #1
The 'National Health Policy' of India was last released in which year?
A. 2002
B. 2020
C. 2017
D. 2019

Correct Answer: Option C


Explanation:
The National Health Policy was released in 2017.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Pradhan Mantri Gram Sadak Yojana' was launched in:
A. 2010
B. 2000
C. 2005
D. 1995

Correct Answer: Option B


Explanation:
PMGSY was launched in 2000.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Bank for International Settlements' headquarters is in:
A. Zurich
B. Basel
C. Geneva
D. London

Correct Answer: Option B


Explanation:
BIS headquarters is in Basel.

This question belongs to: Economy GK Economy Set 1