The new Exim Policy announced in 1992, is for a period of

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Q: 95 (IAS/1995)
The new Exim Policy announced in 1992, is for a period of

question_subject: 

Current Affairs

question_exam: 

IAS

stats: 

0,22,35,16,8,11,22

keywords: 

{'new exim policy': [0, 1, 1, 0], 'years': [1, 0, 0, 2]}

The question is about the duration of the EXIM (Export-Import) policy announced in India in 1992. This policy defined the country`s approach to exports and imports for a certain period.

Option 1 suggests the period was 3 years, while Option 2 suggests it was 4 years, and Option 3 suggests it was 7 years.

But none of these options are correct. The correct answer is Option 4. In 1992, the new Exim Policy was announced in India for a 5-year period. This period was intended to provide a stable and predictable policy environment for enabling exporters and importers to plan their business and make informed decisions. This was an attempt to create a long-term, sustainable plan for enhancing the country`s export-import business. So, the EXIM policy was defined for a period of 5 years.

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