Civil Services UPPSC RO ARO 2024-25 Mock Tests Series General Knowledge Economy Agriculture

With reference to 'Minimum Export Price', choose the incorrect statement?

1
It is the price below which an exporter is not allowed to export the commodity from India.
2
MEP imposition is restricted generally to essential commodities like potatoes, Onions, rice, edible oils, etc.
3
Decisions regarding Minimum Export Price are taken at Cabinet Level.
4
It is a formula based imposition.
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