Trade Policy MCQ — 2 Practice Questions with Answers

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

2 Questions Indian Economy

Q1. RoDTEP was introduced in 2021 to replace which scheme that was found non-compliant with WTO norms?

A EPCG Scheme

B Merchandise Exports from India Scheme (MEIS) Correct

C Export Promotion Capital Goods Scheme

D Services Exports from India Scheme (SEIS)

Explanation

RoDTEP replaced the Merchandise Exports from India Scheme (MEIS) in January 2021. MEIS had been challenged at the WTO Dispute Settlement Body by the United States and was found to be inconsistent with WTO norms as it constituted a prohibited export subsidy.

Q2. The RoDTEP scheme was extended in April 2026. Which of the following correctly describes the mechanism of its benefits to exporters?

A Cash subsidy credited directly to exporter's bank account

B Duty-free import licenses issued for raw materials

C Digital e-scrip credits on ICEGATE portal, usable for Basic Customs Duty or encashable Correct

D GST exemption on all export goods

Explanation

Under RoDTEP, exporters receive digital e-scrip credits generated on the ICEGATE portal. These are transferable and can be used to pay Basic Customs Duty or sold for cash. This is unlike direct cash subsidies and makes the scheme WTO-compliant.

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Frequently Asked Questions

How many Trade Policy MCQ questions are available?

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

Are answers and explanations provided for Trade Policy MCQs?

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

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

Trade Policy falls under the Indian Economy 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 Policy questions in Hindi?

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

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Trade Policy MCQ — 2 Practice Questions with Answers

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