Question

Consider the Jharkhand Export Policy 2015.

1. Its objective is to develop an Infrastructure facility for export promotion.

2. Providing cheap and quality goods in the global market

3. With the help of this policy, Jharkhand's contribution in all India exports to reach 2 per cent by 2020.

4. Jharkhand Export Promotion Board has been set up to promote export.

Which of them are correct?

1. Only 4
2. Only 3
3. 2 and 3
4. 1, 2, 3 and 4

Answer 1

Correct Answer - Option 4 : 1, 2, 3 and 4

The correct answer is 1, 2, 3 and 4.

• Jharkhand Export Policy 2015 was introduced with a view to boosting exports by providing support to entrepreneurs. Hence, statement 1 is correct.
• The mission of the policy was to facilitate the rapid and sustained growth of exports from Jharkhand and to increase its share in all Indian exports to 2% by 2020. Hence, statement 3 is correct.
• Some of the important objectives-
  • Strengthening the export infrastructure such as warehouses, Inland Container Depots (ICDs), Cold Storages, rail-road connectivity from Industrial Clusters etc.
  • Provide a simple, proactive, responsive and supportive institutional mechanism for the rapid growth of exports.
  • To bring about technology and skill up-gradation in the traditional export sectors like Mineral-based products, Handicrafts, Handlooms, Agriculture and Processed Food products to enhance value addition and quality competitiveness. Hence, statement 2 is correct.
  • To focus on existing exporting industries and to provide them with the necessary support to give a further boost to exports from these industries especially the MSME sector has very high potential.
• Jharkhand Export Promotion Board has been set up to promote export. Hence, statement 4 is correct.
• The Board will meet once in six months to discuss and address various policy level issues and provide suggestions to enhance exports from the state.
• All statements are correct.