1. The Govt. of India decided to scrap the import duty on cotton and also withdraw incentives on the export of the same. How will this action of the govt. affect the cotton market in India ? More and more traders will be able to import cotton as there is no import duty on it. The price of the cotton in domestic market will come down. More and more farmers will no start growing cotton.






Write Comment

Type in
(Press Ctrl+g to toggle between English and the chosen language)

Comments

Show Similar Question And Answers
MCQ-> The Govt. of India decided to scrap the import duty on cotton and also withdraw incentives on the export of the same. How will this action of the govt. affect the cotton market in India ? More and more traders will be able to import cotton as there is no import duty on it. The price of the cotton in domestic market will come down. More and more farmers will no start growing cotton. ....
MCQ-> As we know Govt. is paying much attention towards the development of watersheds and water bodies in all the areas of the country. What is/are the reasons owing to which Govt. has to take these special efforts to develop/recharge watersheds and water bodies ? The one single biggest problem of the agricuture in the country is inappropriate irrigation facilities and farmers’ overdependence on the monsoon. Govt. wants farmers to come out of it. The water table in some of the areas in the country is going down. This is a matter of great concern for all of us as this may result in severe water problem in days to come. Govt. is serious about it. Around 30 to 35 per cent watersheds/water bodies in the country are not being utilized as the quality of the water in these has deteriorated over the years. ....
MCQ-> As per the notification issued by the banks, the ‘third party ATM usage’ will now be restricted to certain withdrawals and limits only. What does it really mean ? The ATM card holders will not be able to withdraw from other banks’ ATMs under any circumstances. Customers of one bank may be able to withdraw only a limited amount from other banks’ ATMs. ATM card holders will have to pay a fee if they withdraw money from other banks’ ATMs frequently. ....
MCQ-> As per the reports in the media the exports from India has gone down by 13% in the last few months. What steps has the Union Govt. taken to boost the same ? Customs duty under export promotion capital goods scheme was cut to 3% from the earlier 5%. Special incentives of Rs. 325 crore were announced for sectors like handmade carpets, leather and textiles. Excise duty on the goods produced exclusively for exports is withdrawn fully. ....
MCQ-> As per the news published in various newspapers Pakistan has imposed 15 per cent regulatory duty on exports of cotton yarn. Why countries are required to impose regulatory duties on exports of some of their commodities while in the eyes of the layman more exports means more foreign exchange and more revenue for the Govt. ? It is done to control the exports of a commodity as it may be needed more in local markets than in foreign countries. It is done to control the general inflation in the country as the inordinate exports of various commodities create imbalance and also cost push inflation. It is a good short time measure to collect more revenue from the exports of the commodity which is in high demand in overseas markets. ....
Terms And Service:We do not guarantee the accuracy of available data ..We Provide Information On Public Data.. Please consult an expert before using this data for commercial or personal use
DMCA.com Protection Status Powered By:Omega Web Solutions
© 2002-2017 Omega Education PVT LTD...Privacy | Terms And Conditions