2020
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
How much gold import has been reduced for the period April to February (2019-20)?
|
|
2.86%
|
|
|
8.86%
|
|
|
7.86%
|
|
|
10%
|
Explanation:
Detailed explanation-1: -1. TOTAL MERCHANDISE TRADE: During 2019-20, total export1 was Rs. 22, 19, 854 crores showing a decline by (-) 3.81% over that in 2018-19 while total import was Rs. 33, 60, 954 crores, a decline by (-) 6.5% over 2018-19.
Detailed explanation-2: -The total value of exports (FoB) was 275, 489 million. The total value of imports (CIF) was 367, 980 million. At the HS6 digit level, 4, 417 products were exported to 224 countries and 4, 332 products were imported from 211 countries.
Detailed explanation-3: -The basic customs duty on gold is 12.5 per cent. Along with the agriculture infrastructure development cess (AIDC) of 2.5 per cent, the effective gold customs duty will be 15 per cent.
There is 1 question to complete.