Many a times we read in the newspapers that in India, while rice (non-basmati) exports are banned, basmati (an aromatic premium rice variety) can be exported without quantitative limits subject to a specified MEP. What does MEP stands for here?

[A] Modified Export Provisions
[B] Maximum Export Permission
[C] Minimum Export Price
[D] Maximum Export Price

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This question is part of UPSC Prelims Practice and Mock Tests membership programme.