{"id":91535,"date":"2025-06-01T10:59:33","date_gmt":"2025-06-01T10:59:33","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=91535"},"modified":"2025-06-01T10:59:33","modified_gmt":"2025-06-01T10:59:33","slug":"consider-the-following-statements-1-the-quantity-of-imported-edib","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-quantity-of-imported-edib\/","title":{"rendered":"Consider the following statements :\n  1. The quantity of imported edib"},"content":{"rendered":"<p>Consider the following statements :<\/p>\n<ul>\n<li>1. The quantity of imported edible oils is more than the domestic production of edible oils in the last five years.<\/li>\n<li>2. The Government does not impose any customs duty on all the imported edible oils as a special case.<\/li>\n<\/ul>\n<p>Which of the statements given above is\/are correct ?<\/p>\n<p>[amp_mcq option1=&#8221;1 only&#8221; option2=&#8221;2 only&#8221; option3=&#8221;Both 1 and 2&#8243; option4=&#8221;Neither 1 nor 2&#8243; correct=&#8221;option1&#8243;]<\/p>\n<div class=\"psc-box-pyq-exam-year-detail\">\n<div class=\"pyq-exam\">\n<div class=\"psc-heading\">This question was previously asked in<\/div>\n<div class=\"psc-title line-ellipsis\">UPSC IAS &#8211; 2018<\/div>\n<\/div>\n<div class=\"pyq-exam-psc-buttons\"><a href=\"\/pyq\/pyq-upsc-ias-2018.pdf\" target=\"_blank\" class=\"psc-pdf-button\" rel=\"noopener\">Download PDF<\/a><a href=\"\/pyq-upsc-ias-2018\" target=\"_blank\" class=\"psc-attempt-button\" rel=\"noopener\">Attempt Online<\/a><\/div>\n<\/div>\n<section id=\"pyq-correct-answer\">\nThe correct option is A because statement 1 is generally true regarding India&#8217;s edible oil market over the last five years (prior to the question being framed), while statement 2 is incorrect.<br \/>\n<\/section>\n<section id=\"pyq-key-points\">\nIndia is one of the world&#8217;s largest importers of edible oils, significantly relying on imports to meet domestic demand. The government levies customs duties on imported edible oils, although the rates may vary over time based on policy objectives like protecting domestic producers or controlling inflation.<br \/>\n<\/section>\n<section id=\"pyq-additional-information\">\nStatement 1 is accurate. India&#8217;s domestic production of edible oils has consistently fallen short of consumption, leading to substantial imports of palm oil, soybean oil, and sunflower oil. The volume of imports has often exceeded domestic production. Statement 2 is incorrect; the Indian government imposes customs duties (basic customs duty, agriculture infrastructure and development cess, etc.) on imported edible oils, though rates are adjusted periodically. There is no blanket policy of zero customs duty on all imported edible oils.<br \/>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>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 ? [amp_mcq &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Consider the following statements :\n  1. The quantity of imported edib\" class=\"read-more button\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-quantity-of-imported-edib\/#more-91535\">Detailed Solution<span class=\"screen-reader-text\">Consider the following statements :<br \/>\n  1. The quantity of imported edib<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1092],"tags":[1114,1379,1120],"class_list":["post-91535","post","type-post","status-publish","format-standard","hentry","category-upsc-ias","tag-1114","tag-agriculture-and-allied-sectors","tag-economic-development","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Consider the following statements :  1. The quantity of imported edib<\/title>\n<meta name=\"description\" content=\"The correct option is A because statement 1 is generally true regarding India&#039;s edible oil market over the last five years (prior to the question being framed), while statement 2 is incorrect. India is one of the world&#039;s largest importers of edible oils, significantly relying on imports to meet domestic demand. The government levies customs duties on imported edible oils, although the rates may vary over time based on policy objectives like protecting domestic producers or controlling inflation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-quantity-of-imported-edib\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Consider the following statements :  1. 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The quantity of imported edib","description":"The correct option is A because statement 1 is generally true regarding India's edible oil market over the last five years (prior to the question being framed), while statement 2 is incorrect. India is one of the world's largest importers of edible oils, significantly relying on imports to meet domestic demand. The government levies customs duties on imported edible oils, although the rates may vary over time based on policy objectives like protecting domestic producers or controlling inflation.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-quantity-of-imported-edib\/","og_locale":"en_US","og_type":"article","og_title":"Consider the following statements :  1. The quantity of imported edib","og_description":"The correct option is A because statement 1 is generally true regarding India's edible oil market over the last five years (prior to the question being framed), while statement 2 is incorrect. India is one of the world's largest importers of edible oils, significantly relying on imports to meet domestic demand. The government levies customs duties on imported edible oils, although the rates may vary over time based on policy objectives like protecting domestic producers or controlling inflation.","og_url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-quantity-of-imported-edib\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2025-06-01T10:59:33+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-quantity-of-imported-edib\/","url":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-quantity-of-imported-edib\/","name":"Consider the following statements : 1. 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The government levies customs duties on imported edible oils, although the rates may vary over time based on policy objectives like protecting domestic producers or controlling inflation.","breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-quantity-of-imported-edib\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-quantity-of-imported-edib\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/consider-the-following-statements-1-the-quantity-of-imported-edib\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"UPSC IAS","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/upsc-ias\/"},{"@type":"ListItem","position":3,"name":"Consider the following statements : 1. 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