With reference to the Agricultural and Processed Food Products Export Development Authority (APEDA), consider the following statements: 1. Its main objective is to promote and develop exports of agricultural commodities and processed foods from India. 2. It has been established under the Export-Import Bank of India Act, 1981. 3. It functions under the Ministry of Commerce and Industry. Which of the statements given above are correct? |ForumIAS

Q. With reference to the Agricultural and Processed Food Products Export Development Authority (APEDA), consider the following statements:
1.Its main objective is to promote and develop exports of agricultural commodities and processed foods from India.
2.It has been established under the Export-Import Bank of India Act, 1981.
3.It functions under the Ministry of Commerce and Industry.
Which of the statements given above are correct?

[A] 1 and 2 only

[B] 2 and 3 only

[C] 1 and 3 only

[D] 1, 2 and 3

Answer: C

Notes:

Explanations –

Statements 1 and 3 are correct. The Agricultural and Processed Food Products Export Development Authority (APEDA) was established to promote the export of agricultural and processed food products from India, as per the APEDA Act of 1985. APEDA operates under the Ministry of Commerce and Industry, Government of India.

Statement 2 is incorrect. PEDA was established under the Agricultural and Processed Food Products Export Development Authority Act, 1985, which came into effect in 1986.

Source: Forum IAS

Post-Mains Strategy Session by Mr. Ayush Sinha | ForumIAS