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EconomyHard

Since when has the subsidy on phosphatic and potassic fertilizers been governed by the Nutrient Based Subsidy scheme?

  1. A.01.04.2008
  2. B.01.04.2010
  3. C.01.04.2014
  4. D.01.04.2016

Correct answer

B. 01.04.2010

Explanation

The correct answer is 01.04.2010. From that date the subsidy on phosphatic and potassic fertilizers has been paid under the Nutrient Based Subsidy regime, in which the government fixes a per-kilogram subsidy on each nutrient rather than on each bag, and pays it to manufacturers and importers at notified rates. Option A, 01.04.2008, falls before the regime came in. Option C, 01.04.2014, and option D, 01.04.2016, are both later than the correct date and do not match the scheme's start. The decision taken by the Cabinet concerns only the rates for the Rabi season of 2026-27, applicable from 01.10.2026 to 31.03.2027; the underlying regime itself is unchanged. At present 28 grades of these fertilizers, di-ammonium phosphate included, reach the farmer at subsidised prices.

Read the full article: Cabinet Approves NBS Rates for Rabi 2026-27 on P&K Fertilizers

Q3.EconomyMedium

The export prohibition on black mass complements an incentive scheme of what size under the National Critical Mineral Mission?

  1. A.Rs 500 crore
  2. B.Rs 1,000 crore
  3. C.Rs 1,500 crore
  4. D.Rs 2,500 crore
Show answer
Correct answer: C. Rs 1,500 crore

The Union Cabinet approved an incentive scheme of this size in September 2025 under the National Critical Mineral Mission, to build capacity for separating and producing critical minerals from secondary sources such as battery waste and electronic waste.

Q5.EconomyHard

Under which ITC(HS) code has the export of Lithium-Ion Battery Black Mass been prohibited?

  1. A.85069000
  2. B.85491400
  3. C.81069200
  4. D.28459000
Show answer
Correct answer: B. 85491400

The notification issued by the Directorate General of Foreign Trade names the item as Lithium-Ion Battery Black Mass falling under this code, which covers waste and scrap of primary cells, primary batteries and electric accumulators, along with spent cells and accumulators that are unsorted and carry no lead, cadmium or…