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  1. Ministry of Finance
  2. Directorate General of Foreign Trade (DGFT)
  3. EXIM Bank
  4. Reserve Bank of India
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1 Answers

Option 2 : Directorate General of Foreign Trade (DGFT)

The correct answer is Directorate General of Foreign Trade (DGFT)

 

  • The Directorate General of Foreign Trade (DGFT) organization is an attached office of the Ministry of Commerce and Industry.
  • Its inception occur in 1991 when liberalization in the economic policies of the Government took place.
  • The organization has been essentially involved in the regulation and promotion of foreign trade through regulation.
  • Liberalization and globalization are the overall objectives of increasing exports.

  • Ministry of Finance
    • Concerned with the economy of India, serving as the Treasury of India.
    • It concerns itself with taxation, financial legislation, financial institutions, capital markets, centre and state finances, and the Union Budget.
  • EXIM Bank
    • ​Exim Bank was established by the Government of India, under the Export-Import Bank of India Act, 1981.
    • Act as a purveyor of export credit, mirroring global Export Credit Agencies.
    • Exim Bank serves as a growth engine for industries and SMEs through a wide range of products and services.
  • ​RBI (Reserve Bank of India)
    • ​The Reserve Bank of India, known as RBI is India's central bank.
    • It is under the ownership of the Ministry of Finance, Government of India.
    • Responsible for the issue and supply of the Indian rupee.
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