Multiple choice

Directions: Choose the correct option for the given question.

Which of the following statements is not correct?

  1. Working capital is made available by the banks to the export sector at subsidized rates of interest.

  2. Market Development Fund provides the necessary financial assistance for market promotion.

  3. Export Houses/Star Trading houses are granted additional license against exports made during the preceding year.

  4. Export profits enjoy a variety of tax concessions in India.
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The statement about Export Houses/Star Trading Houses receiving 'additional license against exports made during the preceding year' is incorrect. Export licenses are typically granted based on current or projected export performance, not exports from the previous year. The other statements are accurate: working capital is subsidized for exporters, Market Development Fund assists with promotion, and export profits receive tax concessions.

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