Multiple choice

What is DFIAS?

  1. It is a kind of licence that allows duty-free imports for export production.

  2. Code numbers of operating flights

  3. The client level position limit as prescribed in the report of the RBI Sebi Standing Technical Committee.

  4. RBI's electronic funds transfer system
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

DFIAS (Duty Free Import Authorization Scheme) allows duty-free import of inputs for export production, helping exporters compete internationally by reducing their production costs. The question has a spelling discrepancy - the acronym is written as 'DFIAS' in the question but 'DFAS' in option A.