Q1. Read the following newspaper clipping and answer the questions Tariff Rate Quota Scheme: Centre notifies Amid sliding prices of maize in the wake of the Covid- norms for import of maize at concessional 19 lockdown. the Centre has notified norms for import of 5 lakh tones of maize under Tariff Rate Quota Scheme duty during the current financial year at a concessional customs duty of 15 per cent. At present, maize attracts 50 INDIAN EXPRESS, 14th Jan 2021 per cent import duty. Q1. What is the impact of this announcement on: (1*6=6 marks) i. Indian maize farmers ii. Brazil as L2 player in maize iii. Conagra foods procuring maize from Indian FPOs for their ACTII popcorn iv . Roquette importing maize from Thailand V. Venagro Nutrifoods importing maize from Canada vi. Exports of Kellogs corn flakes manufactured in India