DGFT - Current Affairs Questions and Answers

1)   DGFT has defined which form of commerce?

a. m-commerce
b. e-commerce
c. web-commerce
d. Both b and c
e. All the above
Answer  Explanation 

ANSWER: e-commerce

Commerce Ministry Today announced that online transactions of goods adhering to e-commerce norms will get duty benefits under MEIS or Merchandise Exports from India Scheme. For MEIS, e-commerce has been defined as the buying and selling of goods and services (including digital goods) over electronic or digital network.

  • Under MEIS, government provides duty benefits at 2,3 and 5 percent depending upon products and country

2)   Who has been appointed DGFT w.e.f 13th Oct 2016?

a. Ajay Kumar Singh
b. Ajay Kumar Bhalla
c. Ajay Kumar Gupta
d. Ajay Kumar Jain
Answer  Explanation 

ANSWER: Ajay Kumar Bhalla

IAS officer Ajay Kumar Bhalla was on 13th Oct 2016 appointed the Director General of Foreign Trade succeeding Anup Wadhawan was appointed as Additional Secretary in the commerce ministry

  • Bhalla, a 1984 batch IAS officer of Assam-Meghalaya cadre is currently the Additional Secretary in the commerce ministry
  • Directorate General of Foreign Trade Organisation is an attached office of the Ministry of Commerce and Industry headed by the DGFT
  • It was entrusted with responsibilities for formulating and implementing the foreign trade policy with the main objective of promoting Indian exports
  • It also issues authorisation to exporters as well as monitors for meeting their corresponding obligations through a network of 36 regional offices and an extension counter at Indore

3)   On which day the Directorate General of Foreign Trade (DGFT) launched the facility of online payment of application fees through Credit / Debit cards and electronic fund transfer from 53 Banks?

a. 7th July’15
b. 8th July’15
c. 9th July’15
d. 10th July’15
Answer  Explanation 

ANSWER: 9th July’15

The facility of online payment was launched by Commerce Secretary Rita A. Teaotia. Now with the online payment facility being available from 53 banks as well as Credit and Debit cards, it would be possible to not only apply online for benefits under various schemes of Foreign Trade Policy but also make payment for the required application fee online. DGFT has already operationalised the facility of online filing of various applications by the exporters / importers under the Foreign Trade Policy (2015-20). Early this year, DGFT also operationalised the facility of online submission of applications for issue of online Importer Exporter Code in digital format.