Which one is a trade policy?
(a) irrigation policy (b) import and export policy (c) land-reform policy (d) wage policy
Answers
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Answer:
OPTION B: IMPORT AND EXPORT POLICY
Explanation:
Also known as Exim policy, the export and import policy gives out the rules, regulations and instructions that has to be carried out during exports and imports.
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QUESTION:-
Which one is a trade policy?
- (a) irrigation policy
- (b) import and export policy
- (c) land-reform policy
- (d) wage policy
ANSWER:-
- (b) import and export policy is the correct option.
EXPLANATION:-
- Import And Export Policy is the correct option because it is a set of policies, standards, rules and agreements that are involved in trade between countries by the Government that instructs procedures related to the import and export of goods in a country. The Government of India notifies a five years period of Import and Export Policy.
- Irrigation policy is the wrong option because an irrigation policy of a country includes the Ministry of food and agriculture. Its main objective is to develop an awareness of the environment in the irrigation department.
- Land-reform Policy is the wrong option because it includes efforts for reformation of the ownership and legislation of land in India.
- Wage Policy is the wrong option because it includes law of government that is undertaken to govern the level or system of wages.
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