Indian Institute of Foreign Trade 2011 Solved Paper

The given criteria are:-
I. Have a Grade - ‘A’ certified unit for any products
II. Not have any legal dispute case against it.
III. Possess minimum asset worth Rs. 40 lakhs.
V.Submit an environment clearance certificate issued by the Pollution Control Board (PCB) of the state where the firmis located
V. Deposit the margin money of Rs. 1 lakh
VI. Arrange for three guarantors with their personal identity cards (IDs).
Given that Mahalaxmi Weaving Center:-
It has property worth more than Rs. 1 crore
It managed to get three guarantors with their personal IDs.
No legal case is there against it.
There is no problem submitting an environmental clearance, as the same is already issued to it by the State Pollution Control Board
It is also ready to deposit Rs. 1 lakh.
Thus, it fulfills 2,3,4,5 and 6.
It is also given:
if the firm satisfies all the above mentioned criteria except:
Criteria (I), but is a traditional handloom production unit, then the case may be referred to Development
Commissioner, Handloom (DCH) of the state.
Hence, option C is the correct answer