Trade Resilience & Export Policy MCQ — 2 Practice Questions with Answers

Trade Resilience & Export Policy is a Indian Constitution & Governance topic in the RAS/RPSC syllabus. This page gathers exam-style Trade Resilience & Export Policy multiple-choice questions with correct answers and explanations, so aspirants can test recall and revise frequently examined concepts.

Practice 2 Trade Resilience & Export Policy multiple-choice questions with detailed answers and explanations. Ideal for RAS/RPSC exam preparation.

2 Questions Indian Constitution & Governance

Reviewed by: Aspirant Academy Editorial Team

Q1. With reference to the RELIEF Scheme expansion announced on April 17, 2026, consider the following statements: 1. RELIEF stands for Resilience and Logistics Intervention for Export Facilitation. 2. ECGC Limited is the nodal implementing agency for the scheme. 3. The total outlay of the scheme is ₹2,000 crore. Which of the statements given above are correct?

A 1, 2 and 3

B 1 and 3 only

C 1 and 2 only Correct

D 2 and 3 only

Explanation

Statements 1 and 2 are correct. RELIEF expands to Resilience and Logistics Intervention for Export Facilitation, and ECGC Limited is the nodal agency. Statement 3 is incorrect — the total outlay is ₹497 crore, not ₹2,000 crore. The scheme covers Component I (100% war-risk cover), Component II (95% backstop) and Component III (50% surcharge reimbursement up to ₹50 lakh per MSME exporter).

Q2. Consider the following statements regarding the destinations covered by the RELIEF Scheme after the April 17, 2026 expansion: 1. Egypt and Jordan were added on April 17, 2026 to the existing list of West Asia destinations. 2. The full list now includes UAE, Saudi Arabia, Kuwait, Qatar, Oman, Bahrain, Iraq, Iran, Israel, Yemen, Egypt and Jordan. 3. The scheme covers shipments routed through the Strait of Malacca. Which of the statements given above are correct?

A 1 and 3 only

B 2 and 3 only

C 1, 2 and 3

D 1 and 2 only Correct

Explanation

Statements 1 and 2 are correct — Egypt and Jordan were added on April 17, 2026 and the full list of 12 destinations is correctly enumerated. Statement 3 is incorrect — the scheme is anchored on West Asia and the Eastern Mediterranean / Red Sea / Suez Canal corridor, not the Strait of Malacca which lies on India's eastern trade routes to South-East Asia.

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Frequently Asked Questions

How many Trade Resilience & Export Policy MCQ questions are available?

There are 2 Trade Resilience & Export Policy practice MCQs available on Aspirant Academy, with detailed answers and explanations for each question.

Are answers and explanations provided for Trade Resilience & Export Policy MCQs?

Yes, every Trade Resilience & Export Policy question comes with the correct answer and a detailed explanation to help you understand the underlying concept.

How is Trade Resilience & Export Policy relevant to the RAS/RPSC exam?

Trade Resilience & Export Policy falls under the Indian Constitution & Governance section of the RAS/RPSC syllabus. It is a frequently tested area and regular practice with these MCQs will strengthen your preparation.

Can I practice Trade Resilience & Export Policy questions in Hindi?

Yes, Aspirant Academy offers bilingual support. You can practice Trade Resilience & Export Policy MCQs in both English and Hindi, including questions, options, and explanations.

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