New NABARD Grade A : How to prepare ESI for Prelims & Mains- Sources & Strategy
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Question

Recently Indian government has extended policy to allow imports of lentils and vegetable oils such as palm oil, soy oil and sunflower oil at lower taxes by the year until _________.

A March 2024 Correct Answer Incorrect Answer
B April 2023 Correct Answer Incorrect Answer
C March 2023 Correct Answer Incorrect Answer
D April 2025 Correct Answer Incorrect Answer
E January 2023 Correct Answer Incorrect Answer

Solution

India has extended policy to allow imports of lentils and vegetable oils such as palm oil, soyoil and sunflower oil at lower taxes by a year until March 2024. The south Asian country currently levies 5.5% tax on crude palm oil imports, down from 35.75% at the start of 2021. The country imports palm oil mainly from top producers Indonesia and Malaysia, while other oils, such as soy and sunflower, come from Argentina, Brazil, Ukraine and Russia.

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