Current Affairs Exam  >  Current Affairs Questions  >  With reference to edible oil, consider the fo... Start Learning for Free
With reference to edible oil, consider the following statements:
1. Government has increased the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil.
2. The Agri-cess on these Oils has been brought down from 50 percent to 25 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.
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 'D'. Can you explain this answer?
Most Upvoted Answer
With reference to edible oil, consider the following statements:1. Gov...
Government has slashed the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil from 2.5 percent to nil in a bid to reign in continuous rise in the cooking oil prices since past one year.
  • The Agri-cess on these Oils has been brought down from 20 percent to 7.5 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.
  • Consequent upon the above cut, the total duty is reduced to 7.5 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.
  • The basic duty on RBD Palmolein Oil, Refined Soyabean and Refined Sunflower Oil has been slashed to 17.5 percent from the current 32.5 percent. Before reduction, the agricultural infrastructure cess on all forms of crude edible oils was 20 percent.
  • Post reduction, the effective duty on crude palm oil will be 8.25 percent, crude soyabean oil and crude sunflower oil will be 5.5 percent each.
  • To control prices of edible oils the government has rationalised import duties on palm oil, sunflower oil and soyabean oil, futures trading in mustard oil on NCDEX has been suspended and stock limits have been imposed.
Hence both statements are incorrect.
Free Test
Community Answer
With reference to edible oil, consider the following statements:1. Gov...
Government has slashed the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil from 2.5 percent to nil in a bid to reign in continuous rise in the cooking oil prices since past one year.
  • The Agri-cess on these Oils has been brought down from 20 percent to 7.5 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.
  • Consequent upon the above cut, the total duty is reduced to 7.5 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.
  • The basic duty on RBD Palmolein Oil, Refined Soyabean and Refined Sunflower Oil has been slashed to 17.5 percent from the current 32.5 percent. Before reduction, the agricultural infrastructure cess on all forms of crude edible oils was 20 percent.
  • Post reduction, the effective duty on crude palm oil will be 8.25 percent, crude soyabean oil and crude sunflower oil will be 5.5 percent each.
  • To control prices of edible oils the government has rationalised import duties on palm oil, sunflower oil and soyabean oil, futures trading in mustard oil on NCDEX has been suspended and stock limits have been imposed.
Hence both statements are incorrect.
Explore Courses for Current Affairs exam

Similar Current Affairs Doubts

Top Courses for Current Affairs

With reference to edible oil, consider the following statements:1. Government has increased the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil.2. The Agri-cess on these Oils has been brought down from 50 percent to 25 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.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 'D'. Can you explain this answer?
Question Description
With reference to edible oil, consider the following statements:1. Government has increased the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil.2. The Agri-cess on these Oils has been brought down from 50 percent to 25 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.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 'D'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to edible oil, consider the following statements:1. Government has increased the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil.2. The Agri-cess on these Oils has been brought down from 50 percent to 25 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.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 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to edible oil, consider the following statements:1. Government has increased the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil.2. The Agri-cess on these Oils has been brought down from 50 percent to 25 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.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 'D'. Can you explain this answer?.
Solutions for With reference to edible oil, consider the following statements:1. Government has increased the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil.2. The Agri-cess on these Oils has been brought down from 50 percent to 25 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.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 'D'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs. Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.
Here you can find the meaning of With reference to edible oil, consider the following statements:1. Government has increased the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil.2. The Agri-cess on these Oils has been brought down from 50 percent to 25 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.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 'D'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of With reference to edible oil, consider the following statements:1. Government has increased the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil.2. The Agri-cess on these Oils has been brought down from 50 percent to 25 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.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 'D'. Can you explain this answer?, a detailed solution for With reference to edible oil, consider the following statements:1. Government has increased the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil.2. The Agri-cess on these Oils has been brought down from 50 percent to 25 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.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 'D'. Can you explain this answer? has been provided alongside types of With reference to edible oil, consider the following statements:1. Government has increased the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil.2. The Agri-cess on these Oils has been brought down from 50 percent to 25 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.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 'D'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice With reference to edible oil, consider the following statements:1. Government has increased the basic duty on crude palm oil, crude soyabean oil and crude sunflower oil.2. The Agri-cess on these Oils has been brought down from 50 percent to 25 percent for crude palm oil and 5 percent for crude soyabean oil and crude sunflower oil.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 'D'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev