Question

Name functions that are performed by the Indian Chamber of Commerce and Industry.

• A. Increase in interstate movement of goods.
• B. Introduce transparency.
• C. Remove layers of inspection and bureaucratic hurdles.
• D. All of the above

Answer 1

The correct option is D All of the above

Role of Indian Chambers of Commerce and Industry. These various Indian chambers of commerce are crucial in the growth and the sustenance of the internal trade industries. They cooperate with the central and state government and other government agencies to remove some of the barriers to trade. A chamber of commerce (or board of trade) is a form of business network, for example, a local organization of businesses whose goal is to further the interests of businesses. Business owners in towns and cities form these local societies to advocate on behalf of the business community.