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What is the primary reason behind India raising the basic import tax on both crude and refined edible oils by 20% as reported in the news?a)To increase imports of palm oil, soyoil, and sunflower oil.b)To support local farmers struggling with low oilseed prices.c)To encourage more consumption of imported edible oils.d)To decrease the availability of edible oils in the market.Correct answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about What is the primary reason behind India raising the basic import tax on both crude and refined edible oils by 20% as reported in the news?a)To increase imports of palm oil, soyoil, and sunflower oil.b)To support local farmers struggling with low oilseed prices.c)To encourage more consumption of imported edible oils.d)To decrease the availability of edible oils in the market.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary reason behind India raising the basic import tax on both crude and refined edible oils by 20% as reported in the news?a)To increase imports of palm oil, soyoil, and sunflower oil.b)To support local farmers struggling with low oilseed prices.c)To encourage more consumption of imported edible oils.d)To decrease the availability of edible oils in the market.Correct answer is option 'B'. Can you explain this answer?.

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