MCQ
Foreign Trade / DGFT MCQ - Practice Questions with Answers
Solve 2 Foreign Trade / DGFT questions for RAS/RPSC preparation.
Practice questions
Q1Under the Foreign Trade Policy, Free Sale and Commerce Certificates (FSC) are issued to exporters of goods that:
Explanation
The PIB release states that FSC under the Foreign Trade Policy are issued to exporters of goods that do not fall under the Drugs and Cosmetics Act, 1940. Hence option C is correct.
Q2With reference to DGFT's automated issuance of Free Sale and Commerce Certificates, consider the following statements: 1. These certificates are issued only for goods that fall under the Drugs and Cosmetics Act, 1940. 2. After automation, no Free Sale and Commerce Certificate application can be referred to a Regional Authority for review. Which of the statements given above is/are correct?
Explanation
Statement 1 is incorrect because FSC are for goods that do not fall under the Drugs and Cosmetics Act, 1940. Statement 2 is incorrect because applications needing verification or failing automated parameters, and some auto-approved cases under risk-management parameters, may still be sent to the Regional Authority. Hence neither statement is correct.
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