{"id":1661,"date":"2024-03-05T15:20:49","date_gmt":"2024-03-05T15:20:49","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=1661"},"modified":"2024-03-05T15:20:49","modified_gmt":"2024-03-05T15:20:49","slug":"the-duration-of-the-new-foreign-trade-policy-of-the-government-of-india-is","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/the-duration-of-the-new-foreign-trade-policy-of-the-government-of-india-is\/","title":{"rendered":"The duration of the New Foreign Trade Policy of the Government of India is:"},"content":{"rendered":"<p>[amp_mcq option1=&#8221;2004-2011&#8243; option2=&#8221;2004-2008&#8243; option3=&#8221;2004-2009&#8243; option4=&#8221;2004-2010&#8243; correct=&#8221;option1&#8243;]<!--more--><\/p>\n<p>The correct answer is (a) 2004-2011.<\/p>\n<p>The New Foreign Trade Policy (FTP) of the Government of India was announced in April 2004. It was a comprehensive policy that aimed to promote exports and foreign investment. The FTP was valid for a period of seven years, from 2004 to 2011.<\/p>\n<p>The FTP had a number of key features, including:<\/p>\n<ul>\n<li>A focus on promoting exports of goods and services.<\/li>\n<li>A reduction in tariffs and other trade barriers.<\/li>\n<li>A simplification of export procedures.<\/li>\n<li>An increase in the number of Free Trade Agreements (FTAs) that India was a party to.<\/li>\n<li>A focus on attracting foreign direct investment (FDI).<\/li>\n<\/ul>\n<p>The FTP was successful in achieving many of its objectives. India&#8217;s exports grew at an average rate of 20% per year during the period of the FTP. FDI inflows also increased significantly. The FTP also helped to improve India&#8217;s ranking in the World Bank&#8217;s Ease of Doing Business Index.<\/p>\n<p>However, the FTP also faced some challenges. One challenge was that the global economic slowdown had a negative impact on India&#8217;s exports. Another challenge was that the implementation of some of the FTP&#8217;s measures was delayed.<\/p>\n<p>Despite these challenges, the New Foreign Trade Policy was a success. It helped to promote exports and foreign investment, and it improved India&#8217;s ranking in the World Bank&#8217;s Ease of Doing Business Index.<\/p>\n<p>The other options are incorrect because they are not the duration of the New Foreign Trade Policy of the Government of India.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[amp_mcq option1=&#8221;2004-2011&#8243; option2=&#8221;2004-2008&#8243; option3=&#8221;2004-2009&#8243; option4=&#8221;2004-2010&#8243; correct=&#8221;option1&#8243;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[],"class_list":["post-1661","post","type-post","status-publish","format-standard","hentry","category-economy","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The duration of the New Foreign Trade Policy of the Government of India is:<\/title>\n<meta name=\"description\" content=\"The New Foreign Trade Policy (FTP) of the Government of India was announced in April 2004. 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