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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. Which movie has won the Best Film award in the 64th National Awards-2017?

    • Options
    • A. Rustom
    • B. Ventilator
    • C. Kasaav
    • D. Neerja
    • Discuss
    • 2. Which of the following initiation of the Rotary Club of Madras North provides sanitary napkins to the students?

    • Options
    • A. Project Suvidha
    • B. Project Puthuyugam
    • C. Project Sangini
    • D. Project Kannamma
    • Discuss
    • 3. Which team won the Women's World Twenty20 title?

    • Options
    • A. West Indies
    • B. Australia
    • C. England
    • D. New Zealand
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    • 4. With whom Indian Army signed an MoU to build tunnels on China, Pakistan borders?

    • Options
    • A. NTPC
    • B. ONGC
    • C. NHPC
    • D. THDC Ltd
    • Discuss
    • 5. IORA member states establish 'Be the Legacy' internship programme to honour ___________.

    • Options
    • A. Mahatma Gandhi
    • B. Nelson Mandela
    • C. Martin Luther King
    • D. Mother Teresa
    • Discuss
    • 6. Which team won the Admiral's Cup 2018?

    • Options
    • A. Nigeria
    • B. Singapore
    • C. Italy
    • D. Poland
    • Discuss
    • 7. Which centre won an award for Outstanding Contribution to Gold Policy Research in 2017-18 at the 15th India International Gold Convention held in Kochi?

    • Options
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    • B. Centre for Research on Gold (CRG), IIT Madras
    • C. Indian Institute for Gold Policy (IIGP), IIM Kozhikode
    • D. Centre for Gold Policy Formulation (CGPF), IIM Mumbai
    • Discuss
    • 8. Scientists have developed a wireless 'in-body GPS' which helps to track tumours inside the body. It is named as;

    • Options
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    • C. ReMix
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    • Discuss
    • 9. Which bank launched India's first 'Green Car Loan' (Electric Vehicle) to encourage customers to buy electric vehicles?

    • Options
    • A. Canara Bank
    • B. Axis Bank
    • C. HDFC Bank
    • D. State Bank of India
    • Discuss
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    • Options
    • A. Mexico
    • B. Italy
    • C. UK
    • D. India
    • Discuss


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