BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The ‘Agriculture Export Policy, 2018’ seeks to double farm exports to 60billionby2022from60 billion by 2022 from 30 billion currently and will invest____crore to set up specialised clusters in different states for different produce to push exports.
A
Rs. 1, 400 crore
B
Rs. 2, 800 crore
C
Rs. 1, 000 crore
D
Rs. 5, 300 crore
Explanation: 

Detailed explanation-1: -The agricultural exports as a percentage of India’s agricultural GDP has increased from 9.4 % in 2017-18 to 9.9 % in 2018-19.

Detailed explanation-2: -The Government introduced a comprehensive Agriculture Export Policy in December 2018, with the following objectives: To diversify our export basket, destinations and boost high value and value added agricultural exports, including focus on perishables.

Detailed explanation-3: -India’s agriculture exports cross $50 bn in FY22, the highest ever, says Commerce Ministry. To ensure that the farmers benefit from exports, the Department of Commerce has made special efforts to provide export market linkage directly to farmers and FPOs.

Detailed explanation-4: -To provide an institutional mechanism for pursuing market access, tackling barriers and deal with sanitary and phytosanitary issues. To strive to double India’s share in world agri exports by integrating with global value chain at the earliest. Enable farmers to get benefit of export opportunities in overseas market.

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