Recently, two integrated sub-schemes Niryat Protsahan and Niryat Disha have been launched under the Export Promotion Mission (EPM). These sub-schemes are designed to strengthen MSME’s participation in global trade by addressing the financial and non-financial difficulties.
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Here is some of the information in form of MCQs which will help to complete the information and enhance the knowledge. So let’s start the MCQ.
01) Recently, Which of the following agency launched new interventions under the Export Promotion Mission (EPM)?
A) Ministry of Commerce & Industry
B) Direct General of Foreign Trade
C) Ministry of Foreign Trade
D) Ministry of Sea and Surface Transport
Correct answer is option “A”
02) What is the purpose to launched the new interventions under the Export Promotion Mission from the following?
A) To empower the Micro Enterprises of the country
B) To empower the Small Enterprises of the country
C) To empower the Medium Enterprises of the country
D) All the above
Correct answer is option “D”
03) Whether the above mentioned new initiatives launched under the Export Promotion Mission is the only objective of the initiative?
A) No, it is also focused to enhance India’s global export competitiveness in the MSME’s
B) No, it is only focused to enhance India’s global export competitiveness in the MSME’s
C) No, it is also focused to enhance India’s Internal export competitiveness in the MSME’s
D) No, it is only focused to enhance India’s Local export competitiveness in the MSME’s
Correct answer is option “A”
04) What are the interventions which are now operational from the following proposed under Export Promotion Mission?
A) Market Access Support
B) Interest Subvention for Pre- and Post-Shipment of Export Credit
C) Collateral Support for Export Credit
D) All the above
Correct answer is option “D”
05) As per the news the initiatives of intervention are being rolled out on a pilot basis which are design to focus on ___________________ for faster and more transparent support. Fill in the blank.
A) Easy processes
B) Online processes
C) On record processes
D) Digitizing processes
Correct answer is option “D”
06) What are the two integrated sub-schemes under the Export Promotion Mission (EPM) from the following?
A) Niryat Pahal and Niryat Disha
B) Niryat Protsahan and Niryat Disha
C) Niryat Protsahan and Niryat Doordristi
D) Niryat Pahal and Niryat Doordristi
Correct answer is option “B”
07) What are the reason to design the sub-scheme (Niryat Protsahan and Niryat Disha) from the following?
A) To strengthen MSME participation in global trade by addressing financial such as interest subvention and credit
B) To strengthen MSME participation in global trade by addressing non-financial bottlenecks such as logistics and compliance
C) Only option B
D) Option A & B both
Correct answer is option “D”
08) The sub-section named as The Niryat Protsahan is associated with which of the following activity for MSME’s?
A) Financial Enablers
B) Non-Financial Enablers
C) Shipment Enablers
D) Packing Enablers
Correct answer is option “A”
09) The sub-section named as The Niryat Disha is associated with which of the following activity for MSME’s?
A) Financial Enablers
B) Non-Financial Enablers
C) Shipment Enablers
D) Packing Enablers
Correct answer is option “B”
10) The sub-section named as The Niryat Protsahan is focus on which of the following activity for the support to increase the export for MSME’s?
A) Providing affordable and diversified trade finance and interest subvention on export credit
B) Proving collateral guarantees for MSME exporters
C) Providing credit support for e-commerce to MSME’s
D) All the above
Correct answer is option “D”
11) The sub-section named as The Niryat Disha is focus on which of the following activity for the support to increase the export for MSME’s?
A) Providing enhanced competitiveness through online market access
B) Providing export branding and compliance support such as testing and certification
C) Providing easy and affective logistics support including overseas warehousing and inland transport
D) All the above
Correct answer is option “D”
12) The Niryat Protsahan providing an interest subvention of 2.75% on the factoring cost for eligible transactions but the assistance is capped for which of the following amount annually for every MSME?
A) Rs 20 lakh
A) Rs 30 lakh
A) Rs 50 lakh
A) Rs 70 lakh
Correct answer is option “C”
13) As we know that the Export factoring is a trade finance mechanism in which an exporter sells its foreign receivables to a specialized financial institution called a factor at a ___________ in order to receive immediate cash flow instead of waiting for the overseas buyer to make payment. fill in the blank.
A) Discount
B) Return Facility
C) Re-credit facility
D) Percentage
Correct answer is option “A”
14) Under the sub-section named as Niryat Protsahan, the Direct E-Commerce Credit Facility will provide support up to ___________________ with 90% guarantee coverage. Fill in the blank.
A) Rs 70 lakh
B) Rs 60 lakh
C) Rs 50 lakh
D) Rs 40 lakh
Correct answer is option “C”
15) Under the sub-section named as Niryat Protsahan, the Overseas Inventory Credit Facility will extend support up to ________________ with 75% guarantee coverage. Fill in the blank.
A) Rs 1 crore
B) Rs 3 crore
C) Rs 5 crore
D) Rs 7 crore
Correct answer is option “C”
16) The interest subvention of 2.75% is available and what will the annual ceiling of interest subvention for per applicant from the following under Niryat Protsahan?
A) Rs 10 lakh
B) Rs 15 lakh
C) Rs 25 lakh
D) Rs 50 lakh
Correct answer is option “B”
17) The Niryat Protsahan will support which of the following opportunities for Emerging Export in the country?
A) It enables exporters to access new or high-risk markets through various shared-risk and credit instruments
B) It structured mechanisms aim to strengthen exporter confidence and liquidity flows
C) Only option A
D) Option A & B both
Correct answer is option “D”
18) What will the initiatives available under Niryat Disha (The Non-Financial Enablers) from the following?
A) Trade Regulations, Accreditation & Compliance Enablement (TRACE)
B) Facilitating Logistics, Overseas Warehousing & Fulfilment (FLOW)
C) Logistics Interventions for Freight & Transport (LIFT)
D) All the above
Correct answer is option “D”
19) Trade Regulations, Accreditation & Compliance Enablement (TRACE) aim to provide which of the following supports?
A) Support for exporters in meeting international Testing, Inspections and required Certification (TIC)
B) Support for Providing partial reimbursement to the exporter
C) Only option A
D) Option A & B both
Correct answer is option “D”
20) What is the limit of partial reimbursement under Trade Regulations, Accreditation & Compliance Enablement (TRACE) from the following?
A) 60% under the Positive List for eligible expenses
B) 75% under the Priority Positive List for eligible expenses
C) Only option A
D) Option A & B both
Correct answer is option “D”
21) What is the annual ceiling for the partial reimbursement under Trade Regulations, Accreditation & Compliance Enablement (TRACE) from the following?
A) Rs 15 lakh per Importer-Exporter Code (IEC)
B) Rs 25 lakh per Importer-Exporter Code (IEC)
C) Rs 35 lakh per Importer-Exporter Code (IEC)
D) Rs 45 lakh per Importer-Exporter Code (IEC)
Correct answer is option “B”
22) Facilitating Logistics, Overseas Warehousing & Fulfilment (FLOW) aim to provide which of the following supports?
A) To provide support the exporters in accessing overseas warehousing facility
B) To provide fulfilment of infrastructure, including E-Commerce Export Hubs
C) To provide up to 30% of the approved project cost for a maximum of 3 years
D) All the above
Correct answer is option “D”
23) What is the annual ceiling for the partial reimbursement for per financial year under Facilitating Logistics, Overseas Warehousing & Fulfilment (FLOW) from the following?
A) Rs 05 lakh per IEC
B) Rs 10 lakh per IEC
C) Rs 15 lakh per IEC
D) Rs 20 lakh per IEC
Correct answer is option “D”
24) Integrated Support for Trade Intelligence & Facilitation (INSIGHT) aim to provide which of the following supports?
A) Strengthens exporter capacity
B) Building district-level facilitation centers
C) Provide districts Export Hubs
D) All the above
Correct answer is option “D”
What is the Export Promotion Mission?
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