New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    What is the effective import duty on edible oils after

    the recent government revision?
    A 10% Correct Answer Incorrect Answer
    B 20% Correct Answer Incorrect Answer
    C 27.5% Correct Answer Incorrect Answer
    D 32.5% Correct Answer Incorrect Answer
    E 15% Correct Answer Incorrect Answer

    Solution

    The government raised the effective import duty on edible oils to 27.5%, which is a combination of a basic duty increase from 0% to 20% and additional duties, to support domestic oilseed farmers.

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