August Quiz

Question 1/5
Q1. Consider the following statements regarding the Minimum Export Price (MEP):
  1. MEP is the minimum price below which an exporter is not allowed to export a commodity from India.
  2. MEP is imposed primarily to encourage commodity exports and boost the Indian economy.
  3. The objective of MEP is to establish a price floor for exports and prevent selling products below this price to overseas customers.
  4. The effectiveness of MEP can be compromised due to evasion tactics used by exporters.

 How many of the above statements are correct?