IDT MCQ — Under the Foreign Trade Policy, how are goods broadly categorized for the purpose of regulation?

**Under the Foreign Trade Policy, how are goods broadly categorized for the purpose of regulation?** A) Duty-free, Duty-paid, and Bonded B) Free, Restricted, and Prohibited C) Capital Goods, Inputs, and Consumables D) Open General License, Licensed, and Banned ✅ **Answer: (B) Free, Restricted, and Prohibited** **Categorisation of goods — Free, Restricted, Prohibited.** Under the FTP, export/import goods are broadly categorised as **(a) Free (b) Restricted (c) Prohibited**; some 'free' goods may be traded only through State Trading Enterprises. The correct triad is **Free / Restricted / Prohibited**. The other groupings (duty-based, use-based, or old OGL/licensed labels) are not the FTP's regulatory categorisation. _Practise 1000s more free CA Final MCQs 👉 https://conferenza.in/mcqs — and discuss your approach below._