Import, Wheat - Current Affairs Questions and Answers

1)   On which of the following the government has imposed 10% import duty till March 2016?

a. Rice
b. Cotton
c. Sugar
d. Wheat
Answer  Explanation 

ANSWER: Wheat

Explanation:
This is announced in Lok Sabha on 7th Aug’15. It will result in the revenue gain of about Rs 90 crore to the exchequer.


2)   As announced by the Central Government, for which crop farmers will get full Minimum support prices of Rs. 1,450 per quintal?

a. Wheat
b. Pulses
c. Rice
d. All of these
Answer  Explanation 

ANSWER: Wheat

Explanation:
An official release issued in New Delhi said the central government will reimburse the amount of value cut imposed on the wheat being procured by the FCI and State Government Agencies in Gujarat, Haryana, Madhya Pradesh, Punjab, Rajasthan and Uttar Pradesh under relaxed quality. The government said that the quality of wheat has been badly affected due to untimely rains and hailstorms in March-April this year.