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EconomyEasy

Where was the National Strategic Trade Command Centre (NSTCC) launched?

  1. A.Udyog Bhawan, New Delhi
  2. B.Vanijya Bhawan, New Delhi
  3. C.Krishi Bhawan, New Delhi
  4. D.Nirman Bhawan, New Delhi

Correct answer

B. Vanijya Bhawan, New Delhi

Explanation

The correct answer is Vanijya Bhawan, New Delhi. The Union Minister of Commerce and Industry, Piyush Goyal, inaugurated the National Strategic Trade Command Centre there, in the presence of the Commerce Secretary, Rajesh Agrawal, and the Director General of Foreign Trade, Lav Agarwal. Vanijya Bhawan houses the Ministry of Commerce and Industry, which is why a trade monitoring facility built by the Department of Commerce was placed in it. Option A, Udyog Bhawan, is associated with industry departments and was not the venue. Option C, Krishi Bhawan, is linked with agriculture administration and has no role in this launch. Option D, Nirman Bhawan, is connected with health and urban works and was likewise not the venue. For the examination, pair the initiative with its building: NSTCC goes with Vanijya Bhawan.

Read the full article: National Strategic Trade Command Centre Opens at Vanijya Bhawan

Q1.EconomyMedium

Which department has developed the National Strategic Trade Command Centre?

  1. A.Department for Promotion of Industry and Internal Trade
  2. B.Department of Commerce
  3. C.Department of Revenue
  4. D.Department of Economic Affairs
Show answer
Correct answer: B. Department of Commerce

The platform consolidates information on trade performance, export promotion schemes, regulatory approvals and application processing, and it is being run on existing digital infrastructure such as the systems of the Directorate General of Foreign Trade and the Trade Connect ePlatform.

Q2.EconomyMedium

In the context of the NSTCC dashboards, what does SCOMET stand for?

  1. A.Strategic Commodities, Metals and Export Technologies
  2. B.Special Chemicals, Organisms, Materials, Equipment and Technologies
  3. C.Specified Commercial Materials and Engineering Trade
  4. D.Security Controlled Materials, Equipment and Trade
Show answer
Correct answer: B. Special Chemicals, Organisms, Materials, Equipment and Technologies

SCOMET is the list under which India regulates the export of dual-use and strategically sensitive items, and its dashboard is one of those placed on the command centre in the first phase, alongside the Importer Exporter Code, Advance Authorisation, Export Promotion Capital Goods, Certificate of Origin and restricted imports and…