Directions: From the alternatives, choose the one which correctly classifies the four sentences as a
F: Fact: If it relates to a known matter of direct observation, or an existing reality or something known to be true. J: Judgement: If it is an opinion or estimate or anticipation of common sense or intention. I: Inference: If it is a logical conclusion or deduction about something, based on the knowledge of facts.
- The Commerce Ministry constituted many expert committees to find an alternative to the duty entitlement passbook scheme (DEPB), but no workable replacement for the scheme was suggested.
- The DEPB scheme is designed by the Commerce Ministry to reimburse basic and special customs duty paid by an exporter on imported goods.
- The DEPB scheme is full of anomalies as there is a plethora of taxes existing at the state level and the Central government may not have the authority to reimburse state taxes.
- Hooda committee has recommended extending the DEPB scheme by three years, but this is no tangible solution.
Reveal answer
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