New SIDBI Grade A New Batch Starts on Nov 18

    Register

    Question

    The government has extended the time period for existing stock limits on tur and urad by two months till December 31,2023 this year and revised the stock holding limits for certain entities.Which of the following statements is/are correct with respect to the given information?

    I. The stock limits for wholesalers and big chain retailers at the depot have been reduced from 200 tonne to 80 tonne each.

    II The stock limit for millers has also been reduced from the last 3 months’ production, or 25 percent of annual capacity, whichever is higher, to the last one-month production, or 10 percent of annual capacity, whichever is higher.

    III. Stock limits applicable to each of the pulse individually will be 50 tonne for wholesalers; 5 tonne for retailers; 5 tonne at each retail outlet, and 50 tonne at the depot for big chain retailers; the last one month of production or 10 percent of annual installed capacity, whichever is higher, for the millers.

    A Only I & II Correct Answer Incorrect Answer
    B Only I Correct Answer Incorrect Answer
    C Only III Correct Answer Incorrect Answer
    D Only II & III Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      The government has extended the time period for existing stock limits on tur and urad by two months till December 31,2023 this year and revised the stock holding limits for certain entities.  The stock limits for wholesalers and big chain retailers at the depot have been reduced from 200 tonne to 50 tonne each.     The stock limit for millers has also been reduced from the last 3 months’ production, or 25 per cent of annual capacity, whichever is higher, to the last one-month production, or 10 per cent of annual capacity, whichever is higher.    Stock limits applicable to each of the pulse individually will be 50 tonne for wholesalers; 5 tonne for retailers; 5 tonne at each retail outlet, and 50 tonne at the depot for big chain retailers; the last one month of production or 10 per cent of annual installed capacity, whichever is higher, for the millers.      However, importers are not allowed to hold imported stock beyond 30 days from the date of customs clearance.

    Practice Next

    Relevant for Exams: