Which of the following is NOT covered by the benefit under Component II of RELIEF?

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 Abhishek Dev. Addressing the gathering at the flag-off, the Chairman of APEDA congratulated the exporter and the stakeholders, said that a direct export by the farmer producer organisation would raise considerably the value realised by the producers, acknowledged the contribution of NIFTEM and expressed hope of expanding exports to the Canadian market. Option B names the Union Minister of Commerce and Industry, who heads the ministry under which APEDA functions but is not its Chairman, and that distinction between a minister and the head of a statutory body is a favourite examination trap. Options C and D are officials' names offered as plausible alternatives and do not hold this post. For revision, keep the post and the body together: APEDA, under the Ministry of Commerce and Industry, with Abhishek Dev as its Chairman.

The correct answer is CAD 35,140. The consignment comprised 2,295 boxes of frozen food products weighing 24 MT in all, and its declared shipment value was CAD 35,140, the currency being the Canadian dollar because the buyer is in Canada. Option A is a lower figure of the same shape, placed there to catch a candidate who recalls the trailing digits but not the leading one. Options C and D mix the value with the box count, since the number 2,295 belongs to the boxes in the container and not to the money. The three figures in this story should be filed separately while revising: 24 MT is the weight, 2,295 is the number of boxes, and CAD 35,140 is the value. Questions on export consignments are usually set on exactly this kind of separation.

The correct answer is Canada. The consignment of frozen food products was flagged off from Sonipat in Haryana for the Canadian market, it was exported by Aterna Foods Producer Company Limited, and the Chairman of APEDA said at the event that he expected exports to Canada to grow further. Option A, Greece, is the destination of a different Indian agricultural shipment and is the kind of distractor that catches a candidate who remembers the produce but not the market. Option C, Australia, and option D, the United Arab Emirates, are both large buyers of Indian processed food but have no part in this particular consignment. The pairing to carry into the examination hall is simple: frozen vegetables and snacks, Sonipat in Haryana, and Canada as the destination, with APEDA facilitating the shipment under its support scheme.