Question
General Knowledge Question on Business and Economy
What is the purpose of the India Brand Equity Fund?
A
To organise trade fairs
B
To promote in-bound tourism
C
To make 'Made in India' a label of quality
D
To provide venture capital to IT sector
Answer
To make 'Made in India' a label of quality
Explanation
Solution
The India Brand Equity Fund (IBEF) is a government-backed fund aimed at promoting Indian brands globally and enhancing their competitiveness. It was established in 2006 by the Ministry of Commerce and Industry.
The correct option is (C): To make 'Made in India' a label of quality.