Q. With reference to Trade Infrastructure for Export Scheme (TIES) consider the following statements:
1.Its aim is to assist Central and State Government agencies in creating appropriate infrastructure for the growth of exports.
2.Under the scheme, financial assistance in the form of loans is provided to Central/State Government owned agencies.
3.The scheme has been launched by the Ministry of Commerce and Industry.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: C
Notes:

Explanation –

Statement 1 and 3 are correct. TIES aim is to assist Central and State Government agencies in creating appropriate infrastructure for the growth of exports. The scheme has been launched by the Ministry of Commerce and Industry.

Statement 2 is incorrect. Under the scheme, financial assistance in the form of grant-in-aid is provided to Central/State Government owned agencies.

Source: ForumIAS