CURRENT AFFAIRS

2018

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What policy did the Union Cabinet approve recently with an aim to increase India’s exports to $60 billion by 2022?
A
Agriculture Import Policy
B
Agriculture Export Policy
C
Fertilizers Export Policy
D
Fertilizers Import Policy
Explanation: 

Detailed explanation-1: -The present policy aims to keep the percentage of exports limited to 12% for the fiscal year 2022-23. This will help create a moderate impact on foreign investors in the Indian market. The Ministry of Commerce has attempted to simplify export techniques and reduce export duties.

Detailed explanation-2: -To promote novel, indigenous, organic, ethnic, traditional and non-traditional Agri products exports. To provide an institutional mechanism for pursuing market access, tackling barriers and deal with sanitary and phytosanitary issues.

Detailed explanation-3: -New Delhi, Feb 26 (KNN) The Government of Maharashtra launched the state’s Agriculture Export Policy (AEP) which will focus on export promotion of 21 agricultural commodities.

There is 1 question to complete.