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Standard XII
Economics
IMF Loan and Conditons
What is the f...
Question

What is the full form of DFEC?

A
Devaluated Foreign Exchange Control
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B
Direct Foreign Exchange control
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C
Duty Free Export Credit
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D
Direct Free Export Control
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Solution

The correct option is B Duty Free Export Credit
DFEC stands for Duty Free Export Credit which refers to the scheme that allowed credit sales of export goods on which export duty or taxes were subsidies.

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