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Among the agricultural commodities imported by India, which one of the following accounts for the highest imports in terms of value in the last five years

Among the agricultural commodities imported by India, which one of the following accounts for the highest imports in terms of value in the last five years?

(a)

Spices

(b)

Fresh fruits

(c)

Pulses

(d)

Vegetable oils

Answer:

(d)

Moderate

Newspaper/CA

Core Books/NCERT

Explanation

The import of vegetable oils in India is highest in last five years due to a cut in duty as mandatory under the Malaysia-India Comprehensive Economic Cooperation Agreement (MICECA). Signed in October 2010 with South East Asian countries,