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  • Question
  • India has cut import taxes on crude and refined palm oil from ASEAN countries from 44% to __________.


  • Options
  • A. 31%
  • B. 38%
  • C. 41%
  • D. 40%

  • Correct Answer
  • 40% 

    Explanation
    The duty on crude palm oil from Malaysia, Indonesia and other members of the Association of South East Asian Nations (ASEAN) was cut to 40% from 44%, while the tax on refined palm oil was cut to 45% from 54% if imported from Malaysia and to 50%, if purchased from Indonesia or other member-nations of Asean. In March 2018, India had raised import tax on crude palm oil to 44 percent from 30 percent and lifted the tax on refined palm oil to 54 percent from 40 percent.

  • More questions

    • 1. Name the director who was the first African American and the youngest-ever film-maker nominated in Oscar Awards, passed away recently.

    • Options
    • A. Denise LaSalle
    • B. Frankie Muse Freeman
    • C. John Singleton
    • D. Edwin Hawkins
    • Discuss
    • 2. Name of the musician who won the special lifetime achievement award from the Music Academy?

    • Options
    • A. Lalgudi G Jayaraman
    • B. Kamala Lakshminarayanan
    • C. Hariprasad Chaurasia
    • D. Vikku Vinayakram
    • Discuss
    • 3. IMF Cuts India's GDP Growth Forecast is __________.

    • Options
    • A. 7.3%
    • B. 7.4%
    • C. 7.2%
    • D. 7.5%
    • Discuss
    • 4. Which country topped in the ISSF World Cup 2019?

    • Options
    • A. Singapore
    • B. India
    • C. Brazil
    • D. Spain
    • Discuss
    • 5. How many movies did selected for ICFT UNESCO Gandhi Medal?

    • Options
    • A. 5
    • B. 12
    • C. 9
    • D. 25
    • Discuss
    • 6. Who acquired secondhand Goods Marketplace Zefo?

    • Options
    • A. OLX
    • B. Quickr
    • C. LinkedIn
    • D. Sulekha
    • Discuss
    • 7. Which state has the maximum number of first-time voters in the upcoming Lok Sabha elections?

    • Options
    • A. Uttar Pradesh
    • B. West Bengal
    • C. Maharashtra
    • D. Rajasthan
    • Discuss
    • 8. What is the sovereign rating of India as per the credit rating agency Fitch?

    • Options
    • A. AAA-
    • B. AAA+
    • C. BBB+
    • D. BBB-
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    • 9. The book 'The Hit Girl' is the autobiography of

    • Options
    • A. Rekha
    • B. Asha Parekh
    • C. Hema Malini
    • D. None of them
    • Discuss
    • 10. Which Automotive company has developed the 'largest power storage system in Asia' installed in Osaka train station in Japan?

    • Options
    • A. Pricol
    • B. Tesla
    • C. General Motors
    • D. Eicher Motors
    • Discuss


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