Question

Q23. Consider the following statements about Merchandise Exports from India Scheme (MEIS):

1. It was introduced to promote exports.

2. The idea is to offset the infrastructural inefficiencies faced by exports of specified goods and to provide a level playing field.

Which of the statements are correct?

• A. a) 1 only
• B. b) 2 only
• C. c) Both 1 and 2
• D. d) None of the above

Answer 1

The correct option is C

c) Both 1 and 2

Merchandise Exports from India Scheme (MEIS) was introduced to promote exports by offsetting the infrastructural inefficiencies faced by exports of specified goods and to provide a level playing field.