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    Question

    According to Union Budget 2023-24, consider the following statements regarding the Marine sector:

    1. Marine products recorded the highest export growth

    2. It benefits farmers in the coastal states of the country.

    2. Duty is being reduced on key inputs for domestic manufacture of shrimp feed.

    Which of the above statements is/are correct?

    A 1 only Correct Answer Incorrect Answer
    B 2 and 3 only Correct Answer Incorrect Answer
    C 1 and 3 only Correct Answer Incorrect Answer
    D 1 and 2 only Correct Answer Incorrect Answer
    E 1, 2 and 3 Correct Answer Incorrect Answer

    Solution

    In the last financial year, marine products recorded the highest export growth benefiting farmers in the coastal states of the country. To further enhance the export competitiveness of marine products, particularly shrimps, duty is being reduced on key inputs for domestic manufacture of shrimp feed.

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