The government will take steps to boost exports of agriculture commodities which have the potential of reaching.....billion.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

The government will take steps to boost exports of agriculture commodities which have the potential of reaching____billion.

A	$ 100 billion
B	$ 500 billion
C	$ 200 billion
D	$ 700 billion

Explanation:

Detailed explanation-1: -Remission of Duties and Taxes on Exported Products (RoDTEP) scheme has been implemented since 01.01. 2021. Common Digital Platform for Certificate of Origin has been launched to facilitate trade and increase Free Trade Agreement (FTA) utilization by exporters.

Detailed explanation-2: -The Department of Commerce provides assistance through several other schemes, to promote exports, including exports of agricultural products viz. Trade Infrastructure for Export Scheme (TIES), Market Access Initiatives (MAI) Scheme etc.

Detailed explanation-3: -Rice is the largest exported agricultural product from India and contributed to more than 19% of the total agriculture export during the year 2021-22. Sugar, spices and buffalo meat are among the largest exported products with the contribution of 9%, 8% and 7% to 2021-22 agriculture exports, respectively.

Detailed explanation-4: -Assistance provided through several schemes to promote exports, namely, Trade Infrastructure for Export Scheme (TIES) and Market Access Initiatives (MAI) Scheme. Rebate of State and Central Levies and Taxes (RoSCTL) Scheme to promote labour oriented textile export has been implemented since 07.03.

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