MCQ for economy-5-15th-november-2022

Consider the following statements with reference to Price Stabilization Fund (PSF):

1. It aims to manage price volatility in the crops of onion, potatoes and pulses by undertaking direct procurement from farmers.

2. It is utilized for granting interest-free loans to state governments and central agencies.

3. It was set up under the Department of Agriculture, Cooperation & Famers Welfare (DAC&FW).

Which of the statements given above is/are correct?

Consider the following statements with reference to the agriculture sector in India:

1. The share of agriculture and allied sectors in Gross Value Added (GVA) has consistently increased after 2014-15.

2. The share of livestock and fisheries has decreased post 2014-15.

Which of the statements given above is/are correct?

With reference to Nutrient Based Subsidy (NBS), consider the following statements:

1. The maximum retail price of fertilizers is fixed by the Government.

2. Urea is kept out of its purview.

Which of the statements given above is/are correct?

With reference to Producer Organisations, consider the following statements:

1. It is a legal entity formed by primary producers.

2. It can be registered as a cooperative society, trust or a company.

3. There is 100% tax deduction to Farmer Producer Company having a total turnover up to Rs. 100 crores.

Which of the statements given above is/are correct?

Which of the following is India's highest-value agricultural and allied sector export commodity during 2020-21?

With reference to Sugarcane Sector in India, consider the following statements:

1. The Fair and Remunerative Price (FRP) of sugarcane has seen a consistent decrease in the last ten years.

2. The views of State Governments are considered while fixing the FRP of sugarcane.

3. State Governments cannot announce State Advised Price (SAP) over and above the FRP.

Which of the statements given above is/are correct?

With reference to Edible Oils, consider the following statements:

1. There has been a steady rise in oilseed production in India since 2016-17.

2. India is the world’s second-largest producer of vegetable oil.

3. National Mission on Edible Oils - Oil Palm (NMEO-OP) provides for a price assurance to protect the farmers from the fluctuations of the international crude palm oil (CPO) prices.

Which of the statements given above is/are correct?

Which of the following criteria are used by the government for the calculation of Minimum Support Price (MSP)?

1. Prices of various inputs

2. Prices and demand-supply in the international market

3. Parity between the prices paid and the prices received by the farmers

4. Inter-crop price parity

Select the correct answer using the code given below.

Agristack, recently seen in the news is

With reference to ‘oil seeds crops’ in India, consider the following statements:
1. More than fifty percent of the total oilseeds area is confined to irrigation farming.

2. Soybean accounts for maximum oil seed production.

3. Castor seed can be cultivated as both as rabi and kharif crop.

Which of the statements given above are correct?