Consider the following statements regarding 39 Seed Import and Export in India 39 1 ...........

Economic Affairs Agricultural Marketing and Prices

Download Solution PDF

Consider the following statements regarding 'Seed Import and Export in India'

1. Import and Export of Seeds in India are regulated by the Export-Import Policy 2002-07.

2. Recently, Ministry of Agriculture has removed all the regulations related to exports of seeds from the country.

Which of the given above statement (s) is/ are correct?

1 Only

2 Only

Both 1 and 2

Neither 1 nor 2

छोटे Courses बड़े Results

Master Agricultural Marketing and Prices

Prepare through Micro-courses

Try Now

Explanation:

Third option is correct.

Import and Export Policy 2002-07 regulate import and export of seeds and planting materials in and out of the country. This month, Ministry of Agriculture removed all the regulations associated with export of seeds from the country.

It aimed at ushering in a trade environment free of controls and restrictions. It formed a part of the country’s long term strategy to gain in competitiveness and realise its potential in global markets.