GS PrelimsEconomyTrade Policy1995

The new Exim Policy announced in 1992, is for a period of

3 years

4 years

7 years

5 years

Correct Answer: Option D

Explanation

1. The question refers to the Exim Policy (Export-Import Policy) announced in 1992, which was a key component of India's economic liberalization reforms initiated in 1991. 2. This policy, announced by the Ministry of Commerce, replaced earlier annual policies with a more stable, longer-term framework to promote foreign trade. 3. The Exim Policy announced in 1992 covered the period from 1st April 1992 to 31st March 1997, making it a policy for a duration of 5 years.

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