MCQ

Trade Resilience & Export Policy MCQ - Practice Questions with Answers

Solve 2 Trade Resilience & Export Policy questions for RAS/RPSC preparation.

Practice questions

Q1With 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

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).

Q2Consider 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

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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