Q. With reference to the Export Preparedness Index (EPI), consider the following statements:
Select the correct answer using the codes given below:
A
1 only
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B
1 and 3 only
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C
1 and 2 only
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D
1, 2 and 3
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Solution
The correct option is B 1 and 3 only
Explanation:
Statement 1 is correct: The first-ever Export Preparedness Index (EPI) was launched in August 2020 and developed by NITI Aayog in partnership with the Institute for Competitiveness.
Statement 2 is incorrect: EPI ranks all States and Union Territories based on their export readiness and performance. EPI 2020 is based on four pillars: export policy; business environment; export infrastructure; and export performance. It can be used by States and UTs to benchmark their performance against their peers and analyze the potential challenges to develop better policy mechanisms to foster export-led growth at the subnational level.
Statement 3 is correct: Gujarat has topped the Niti Aayog's Export Preparedness Index 2020 followed by Maharashtra and Tamil Nadu in the second and third place respectively.