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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

Correct answer

C. Rs 1,500 crore

Explanation

The correct answer is 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. Options A, B and D do not match the figure in the release. The link between the two measures is straightforward: the scheme pays for recycling capacity, and the export prohibition makes sure that capacity has feedstock to work on, because black mass generated in India was leaving the country while domestic recyclers were at times importing material. The prohibition came through Notification No. 49/2026-27 dated 10 November 2026 and the item sits under ITC(HS) Code 85491400.

Read the full article: DGFT Bans Export of Lithium-Ion Battery Black Mass

Q1.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…

Q4.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
Show answer
Correct answer: B. 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.