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EconomyMedium

What is the tentative budgetary requirement approved for Nutrient Based Subsidy for Rabi 2026-27?

  1. A.About Rs 37,952.29 crore
  2. B.About Rs 45,210.50 crore
  3. C.About Rs 62,370.02 crore
  4. D.About Rs 74,500.75 crore

Correct answer

C. About Rs 62,370.02 crore

Explanation

The correct answer is about Rs 62,370.02 crore. The Cabinet put this figure on the Nutrient Based Subsidy for the Rabi season of 2026-27 on phosphatic and potassic fertilizers, with the rates running from 01.10.2026 to 31.03.2027. Option A is the budget that the previous Rabi season of 2025-26 required, so it is the base against which the new figure is measured rather than the new figure itself; the gap between the two is about Rs 24,417.73 crore. Options B and D are invented and match nothing in the decision. Candidates should keep in mind why the requirement has grown so sharply: India leans on imports for a large part of its fertilizer and raw material, so when the world prices of urea, di-ammonium phosphate, muriate of potash and sulphur move up, the subsidy bill moves with them if the farmer is to be shielded.

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

Q1.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.

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…