Consider the following statements regarding the Board of Trade (BoT) in India -
- It is a statutory body established under an Act of Parliament.
- It is chaired by the Minister for Commerce & Industry.
- It includes representatives from Export Promotion Councils, industry chambers, and financial institutions like SBI and EXIM Bank.
Which of the statements given above is/are correct?
The Board of Trade is an advisory body under the Ministry of Commerce & Industry, not a statutory body created by an Act of Parliament. It is chaired by the Commerce Minister and includes members from government, trade experts, Export Promotion Councils, industry chambers, and financial institutions such as SBI and EXIM Bank.
The Board of Trade is an advisory body under the Ministry of Commerce & Industry, not a statutory body created by an Act of Parliament. It is chaired by the Commerce Minister and includes members from government, trade experts, Export Promotion Councils, industry chambers, and financial institutions such as SBI and EXIM Bank.