MCQ for economy-6

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 Minimum Support Price (MSP) regime in India:

1. MSPs have statutory backing under the Agricultural Produce (Grading and Marking) Act, 1937.

2. It is fixed at 1.5 times the cost of production for every crop covered under the scheme.

3. Foodgrain procurement is distributed equitably across all states.

Which of the statements given above is/are not correct?

In the context of food fortification, consider the following statements:

1. The fortified foods in India are identified through the logo “+F”.

2. Currently, fortification of rice is mandatory under the Mid-Day meal scheme.

Which of the statements given above is/are correct?

The terms `Golden syrup, Rice syrup’ is used in the context of:

With reference to Operation Greens Scheme, which of the following statements is/are correct?

1. It is the flagship scheme of the Ministry of Consumer Affairs, Food and Public Distribution.

2. It seeks to stabilize the supply of Tomato, Onion and Potato throughout the year without price volatility.

3. Crop-wise and state-wise specific funds are earmarked under it.

Select the correct answer using the code given below:

Consider the following statements regarding the Food Corporation of India (FCI):

1. It is a non-statutory organization aimed at creating a stable food security system in India.

2. It distributes food grains throughout the country for the public distribution system.

3. FCI does not have its own storage facility and relies on hired storage capacities.

Which of the statements given above are not correct?

With reference to Dry Ice, consider the following statements:

1. It is warmer compared to the regular ice.

2. It sublimates into carbon dioxide gas instead of melting.

3. It is added as a preservative to prevent meld growth in food products.

Which of the statements given above is/are not correct?

Algae has applications in which of the following?

1. Cosmetics

2. Food Additives

3. Biofuels

4. Fertilizers

Select the correct answer using the code given below.

With reference to ‘Wheat’ production, consider the following statements:

1. It can be cultivated in tropical areas and beyond 60 degrees north latitude.

2. It is cultivated in clay or loamy soil with moderate water holding capacity.

3. Currently, India is the largest producer of wheat in the world.

4. Its yield and protein content can be enhanced through the use of sulphur-rich soils.

Which of the statements given above is/are correct?

With reference to Organic Farming in India, which of the following is/are correct?

1. Madhya Pradesh has the largest area covered under organic certification in the Country.

2. Cereals and Millets account for the majority of the organic exports.

3. Participatory Guarantee System acts as a third-party organic certificate provider for farmers.

Select the correct answer using the code given below.