Question:
What is the purpose of the India Brand Equity Fund?
What is the purpose of the India Brand Equity Fund?
Updated On: Oct 7, 2024
- To organise trade fairs
- To promote in-bound tourism
- To make 'Made in India' a label of quality
- To provide venture capital to IT sector
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The Correct Option is C
Solution and Explanation
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.
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