Q. The “Maximum Admissible Export Quality (MAEQ)” is often seen in news related to?

[A] Cotton

[B] Fisheries

[C] Rice

[D] Sugar

Answer: D
Notes:

Explanation: The Government of India has notified a Scheme on 12th September 2019 for evacuation of surplus stock of sugar from the country.  

  • Under this scheme, Maximum Admissible Export Quantity (MAEQ) of 60 LMT has been fixed among sugar mills for export during the current sugar season 2019-20. 
  • The Government has approved a Scheme for export of sugar by providing a lumsum export subsidy at the rate of Rs.10,448/- per MT towards expenses on marketing costs including handling, upgrading and other processing costs and costs of international and internal transport and freight charges on export of sugar.   
  • The total expenditure in this regard would be about Rs.6268crores. 

Source: https://pib.gov.in/PressReleasePage.aspx?PRID=1592271 

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