Among the agricultural commodities imported by India, which one of the following accounts for the highest imports in terms of value in the last five years?

UPSC Prelims & Mains Questions

Among the agricultural commodities imported by India, which one of the following accounts for the highest imports in terms of value in the last five years?

A)

Spices

B)

Fresh fruits

C)

Pulses

D)

Vegetable oils

Correct Answer : Vegetable oils

Note : India is known to export spices to the world. Some fruits we import while some we export but horticultural trade is not a huge portion of the import bill. India has started importing pulses with long term contractual obligations in past few years but India also produces quite a large amount of pulses itself. Moreover, pulses are not very costly compared to other high end agricultural products.

Thus, logically, it should be vegetable oils. India imports huge amount of and various types of vegetable oil from many countries. India relies on imports for almost 70% of its vegetable oil consumption. India‘s import bill of vegetable oil has been surging for past many years.

Year : 2019

Category : Economy

Recently Updated in UPSC Questions

Q.

With reference to 'IFC Masala Bonds', sometimes seen in the news, which of the statements given below is/ are correct? (2016)

1. The International Finance Corporation, which offers these bonds, is an arm of the World Bank.

2. They are rupee-denominated bonds and are a source of debt financing for the public and private sector.

Select the correct answer using the code given below:

A)

1 only

B)

2 only

C)

Both 1 and 2

D)

Neither 1 nor 2

Correct Answer : Option (C) - Both 1 and 2

Note :

* The World Bank Group, which is a vital source of financial and technical assistance to developing countries, consists of five distinct yet complementary organizations, viz.,

* International Bank for Reconstruction and Development (IBRD),

* International Development Association (IDA),

* International Finance Corporation (IFC), hence, statement 1 is correct.

* Multilateral Investment Guarantee Agency (MIGA),

* International Centre for Settlement of Investment Disputes (ICSID).

* Masala Bonds are rupee-denominated borrowings issued by Indian entities in overseas markets. Masala means ‘spices’ and the term was used by International Finance Corporation (IFC) to popularise the culture and cuisine of India on foreign platforms. The objective of Masala Bonds is to fund infrastructure projects in India, fuel internal growth via borrowings and internationalize the Indian currency. Hence, statement 2 is correct.

Year : 2022

Category : General Studies

Q.

Consider the following statements:

1. The Accelerated Irrigation Benefits Programme was launched during 1996-97 to provide loan assistance to poor farmers.

2. The Command Area Development Programme was launched in 1974-75 for the development of water-use efficiency,

Which of the statements given above is/ are correct?

A)

1 only

B)

2 only

C)

Both 1 and 2

D)

Neither 1 nor 2

Correct Answer : Option (B) - 2 only

Note :

The Accelerated Irrigation Benefits Programme (AIBP) was launched in 1996 as a central assistance programme, with the aim to accelerate creation of irrigation potential.

The Command Area Development (CAD) programme was initiated in 1974-75 with a view to bridging the gap between the potential created and its utilisation and optimising agricultural productivity through better management of land and water use in the command areas served by selected major and medium irrigation projects.

Year : 2015

Category : General Studies

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