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Regarding the Agricultural and Processed Food Products Export Development Authority (APEDA), consider the following statements:
1. The Ministry of Finance created the Agricultural and Processed Food Products Export Development Authority (APEDA), which is an Apex-Export Trade Promotion Active government body.
2. The Agriculture and Processed Food Products Export Development Authority Act of 1985 created it in 1986.
Which of the statements given above is/are correct?
- a)1 only
- b)2 only
- c)Both 1 and 2
- d)Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
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Verified Answer
Regarding the Agricultural and Processed Food Products Export Developm...
First Virtual Trade Fair (VTF) organised by APEDA to boost exports potential of India’s agricultural and processed food products during COVID19 pandemic drew huge response from participants, exporters and buyers from countries.
- The VTF was organised during March 10-12, 2021.
- The fair with a theme ‘India Rice and Agro Commodity’, focussed on showcasing the exports potential of various agricultural commodities.
- Because of COVID19 related restrictions on physical travel and trade, APEDA has initiated the concept of VTF for sustaining India’s agricultural and processed food products exports and also exploring new markets for expanding export footprints.
- Agricultural and Processed Food Products Export Development Authority (APEDA) is an Apex-Export Trade Promotion Active government body set up by the Ministry of Commerce and Industry.
- It was formed in 1986 under the Agriculture and Processed Food products Export Development Authority Act, 1985.
Most Upvoted Answer
Regarding the Agricultural and Processed Food Products Export Developm...
Statement 1: The Ministry of Finance created the Agricultural and Processed Food Products Export Development Authority (APEDA), which is an Apex-Export Trade Promotion Active government body.
Statement 2: The Agriculture and Processed Food Products Export Development Authority Act of 1985 created it in 1986.
Explanation:
- The correct answer is option B, i.e., only statement 2 is correct.
- APEDA was established by the Government of India under the APEDA Act, 1985 (no. 2 of 1986).
- The Ministry of Commerce and Industry, not the Ministry of Finance, is responsible for the creation and functioning of APEDA.
- APEDA is an Apex-Export Trade Promotion Active government body that promotes the export of agricultural and processed food products from India.
- It provides various services and support to exporters, such as market intelligence, quality control, certification, and infrastructure development.
- APEDA also plays a crucial role in the development and promotion of specific products and regions for export.
- Its activities cover a wide range of agricultural and processed food products, including fruits, vegetables, meat, poultry, dairy products, honey, cereals, spices, and many more.
- APEDA works closely with various stakeholders, including farmers, exporters, government agencies, and international buyers, to facilitate the growth of India's agricultural exports.
- It also assists exporters in meeting the quality and sanitary requirements of different importing countries.
- APEDA has been instrumental in promoting the "Brand India" image globally and enhancing the competitiveness of Indian agricultural and processed food products in international markets.
- Overall, APEDA plays a vital role in boosting India's agricultural exports and contributing to the country's economy.
- Therefore, only statement 2 is correct, while statement 1 is incorrect. The Ministry of Commerce and Industry, not the Ministry of Finance, created APEDA.
Statement 2: The Agriculture and Processed Food Products Export Development Authority Act of 1985 created it in 1986.
Explanation:
- The correct answer is option B, i.e., only statement 2 is correct.
- APEDA was established by the Government of India under the APEDA Act, 1985 (no. 2 of 1986).
- The Ministry of Commerce and Industry, not the Ministry of Finance, is responsible for the creation and functioning of APEDA.
- APEDA is an Apex-Export Trade Promotion Active government body that promotes the export of agricultural and processed food products from India.
- It provides various services and support to exporters, such as market intelligence, quality control, certification, and infrastructure development.
- APEDA also plays a crucial role in the development and promotion of specific products and regions for export.
- Its activities cover a wide range of agricultural and processed food products, including fruits, vegetables, meat, poultry, dairy products, honey, cereals, spices, and many more.
- APEDA works closely with various stakeholders, including farmers, exporters, government agencies, and international buyers, to facilitate the growth of India's agricultural exports.
- It also assists exporters in meeting the quality and sanitary requirements of different importing countries.
- APEDA has been instrumental in promoting the "Brand India" image globally and enhancing the competitiveness of Indian agricultural and processed food products in international markets.
- Overall, APEDA plays a vital role in boosting India's agricultural exports and contributing to the country's economy.
- Therefore, only statement 2 is correct, while statement 1 is incorrect. The Ministry of Commerce and Industry, not the Ministry of Finance, created APEDA.
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Regarding the Agricultural and Processed Food Products Export Development Authority (APEDA), consider the following statements:1. The Ministry of Finance created the Agricultural and Processed Food Products Export Development Authority (APEDA), which is an Apex-Export Trade Promotion Active government body.2. The Agriculture and Processed Food Products Export Development Authority Act of 1985 created it in 1986.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
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Regarding the Agricultural and Processed Food Products Export Development Authority (APEDA), consider the following statements:1. The Ministry of Finance created the Agricultural and Processed Food Products Export Development Authority (APEDA), which is an Apex-Export Trade Promotion Active government body.2. The Agriculture and Processed Food Products Export Development Authority Act of 1985 created it in 1986.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Regarding the Agricultural and Processed Food Products Export Development Authority (APEDA), consider the following statements:1. The Ministry of Finance created the Agricultural and Processed Food Products Export Development Authority (APEDA), which is an Apex-Export Trade Promotion Active government body.2. The Agriculture and Processed Food Products Export Development Authority Act of 1985 created it in 1986.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Regarding the Agricultural and Processed Food Products Export Development Authority (APEDA), consider the following statements:1. The Ministry of Finance created the Agricultural and Processed Food Products Export Development Authority (APEDA), which is an Apex-Export Trade Promotion Active government body.2. The Agriculture and Processed Food Products Export Development Authority Act of 1985 created it in 1986.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Regarding the Agricultural and Processed Food Products Export Development Authority (APEDA), consider the following statements:1. The Ministry of Finance created the Agricultural and Processed Food Products Export Development Authority (APEDA), which is an Apex-Export Trade Promotion Active government body.2. The Agriculture and Processed Food Products Export Development Authority Act of 1985 created it in 1986.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Regarding the Agricultural and Processed Food Products Export Development Authority (APEDA), consider the following statements:1. The Ministry of Finance created the Agricultural and Processed Food Products Export Development Authority (APEDA), which is an Apex-Export Trade Promotion Active government body.2. The Agriculture and Processed Food Products Export Development Authority Act of 1985 created it in 1986.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Regarding the Agricultural and Processed Food Products Export Development Authority (APEDA), consider the following statements:1. The Ministry of Finance created the Agricultural and Processed Food Products Export Development Authority (APEDA), which is an Apex-Export Trade Promotion Active government body.2. The Agriculture and Processed Food Products Export Development Authority Act of 1985 created it in 1986.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
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