RELIEF Timelines Extended for West Asia Route Exporters

The correct answer is Resilience and Logistics Intervention for Export Facilitation. RELIEF is a time-bound intervention under the Export Promotion Mission and was launched on 19 March 2026 to support exporters struck by extraordinary freight escalation, higher insurance premia and war-related export risks arising on the Gulf and the wider West Asian maritime corridor. Option B mixes up the scheme with remission-type measures such as the duty and tax refund scheme for exported products, which works on a wholly different principle. Option C invents a farmer-facing reimbursement that does not exist in this measure. Option D sounds like an infrastructure fund, whereas RELIEF is an insurance and logistics cushion rather than a capital expenditure programme. Candidates should pin the expansion to the parent mission as well: RELIEF is not standalone, it sits inside the Export Promotion Mission.

The correct answer is the ECGC, with 95 per cent risk coverage. Component II nudges an exporter into taking Export Credit Guarantee Corporation cover for upcoming shipments to the specified regions, and that cover carries ninety-five per cent risk coverage, available on a Stand Alone Policy or a Whole Turnover Policy obtained on or after 16 March 2026. Option A names the Export-Import Bank, which lends and guarantees for export finance but is not the credit insurer in this component. Option C names the Directorate General of Foreign Trade, which frames and notifies trade policy rather than selling insurance cover. Option D names the small industries lender, which has no role here. The second protection in Component II is equally examinable: the premium an exporter pays cannot be pushed above the level that held before the disruption, for the whole of the eligible period.

The correct answer is energy shipments, which are expressly left out. The cargo that does attract the benefit is of three kinds: a Full Container Load, where one consignor fills a whole container, a Less than Container Load, where a shipment shares container space with others, and a Reefer container, the refrigerated box in which perishables such as fruit, fish and dairy travel. So options A, B and C are all inside the scheme and cannot be the answer. The exclusion of energy cargo is a deliberate design choice, because the measure is aimed at merchandise exporters whose freight and insurance costs jumped because of the West Asian disruption, not at the energy trade. An exam may also ask the date from which a policy must have been taken for the component to apply, and that date is 16 March 2026, a few days before RELIEF itself was launched on 19 March 2026.