Consider the following statements:

1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years.

2. The Government does not impose any customs duty on all the imported edible oils as a special case.

Which of the statements given above is/are correct? [UPSC CSP 2018, GS Paper I]A.2 onlyB.1 onlyC.Both 1 and 2D.Neither 1 nor 2

Question

Consider the following statements: 1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years. 2. The Government does not impose any customs duty on all the imported edible oils as a special case. Which of the statements given above is/are correct? [UPSC CSP 2018, GS Paper I]

Accepted Answer

1 only. Statement 1 is correct. In 2017-18, India imported 15.12 million tonnes of edible oil against domestic production of only 7.66 million tonnes -- roughly double. Statement 2 is false. The Government has repeatedly raised, not waived, customs duty on edible oil imports, including two hikes in November 2017 and March 2018, in the seven months before this exam. Read more: IndEco0275 — Edible Oil Production in India.

Edible oil imports versus domestic production and customs duty

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