Challenge Prelims V1.0 – Day 58 – GS Paper (Indian Economy)

1. With reference to Market Intervention Scheme (MIS), consider the following statements:

1. The objective of this scheme is to promote the domestic production of those food crops that India imports from abroad.
2. Under the MIS, a pre-determined quantity at a fixed Market Intervention Price (MIP) is procured by NAFED as the central agency.

Which of the statements given above is/are correct?

2. How many of the following factors are taken into account for deciding the Fair and Remunerative Price (FRP) of sugarcane?

1. Cost of production of sugarcane
2. Return to the growers from alternative crops
3. Availability of sugar to consumers at a fair price
4. The realization made from sale of molasses or bagasse.

Select the correct answer using the code given below.

3. Consider the following statement with reference to fertiliser subsidy:

1. The Government pays a subsidy on urea to fertiliser manufacturers on the basis of cost of production.
2. Non-Urea based fertilisers are regulated under Nutrient Based Subsidy (NBS) Scheme.
3. The subsidy amount is directly transferred to the fertilizer companies through DBT scheme.

How many of the statements given above is/are correct?

4. Consider the following statements with reference to the Minimum Support Prices (MSP):

1. It is the price fixed by State Government to protect the producer-farmers against excessive falls in price during the bumper production years.
2. It is announced just after the sowing season for certain crops.
3. It is announced on the basis of the recommendations of the Department of Agriculture & Cooperation.
4. A2+FL Production cost does not account for rentals and interest forgone on owned land and fixed capital assets.

How many of the statements given above is/are not correct?

5. Consider the following statements regarding Agricultural Produce Market Committees (APMCs) in India:

1. These are statutory committees formed by the state governments.
2. These committees oversee the trading of both notified agricultural products as well as livestock products.
3. The committees prohibit the involvement of any kind of intermediaries or commissioning agents in the trade between the farmers and buyers.
4. The whole geographical area in the State is divided and each one is declared as a market area which is managed by the APMC.

How many of the statements given above is/are correct?

6. Soil Health Cards (SHC) are printed report cards issued to farmers once in three years indicating the status of the soil. Which of the following are expected consequences of Soil Health Cards?

1. Balanced application of fertilizers
2. Reduced import bill
3. Increased financial strain on the government
4. Better land management

Select the correct answer using the code given below.

7. With reference to Agricultural and Processed Food Products Export Development Authority (APEDA), consider the following statements:

1. It is a statutory body under the Ministry of Food Processing Industries.
2. APEDA is mandated with the responsibility of export promotion of alcoholic as well as non-alcoholic beverages.
3. It is responsible for monitoring the import of sugar in India.

How many of the statements given above is/are correct?

8. Consider the following statements with reference to the One Nation One Fertiliser Scheme:

1. It aims to reduce logistic costs involved in the transportation of fertilizers.
2. It is implemented under the Ministry of Agriculture and Farmers’ Welfare.
3. This scheme applies to both public and private sector companies.

How many of the statements given above is/are correct?

9. With reference to Neem Coated Urea, consider the following statements:

1. Release of Neem oil in the soil increases nitrogen fixation by the soil microorganisms.
2. It prevents leaching of nitrogen of urea into the soil and hence prevents the soil from damage.
3. It can enhance the yield of paddy and soybean.

How many of the statements given above is/are correct?

10. With reference to ‘Pradhan Mantri Kisan Samruddhi Kendras’ (PMKSK), consider the following statements:

1. This scheme is implemented under the Ministry of Agriculture and Farmer Welfare.
2. They will act as retail fertilizer shops in the country and also provide access to seeds.
3. They will conduct soil testing and provide useful information about farming techniques to farmers.

How many of the statements given above is/are correct?

11. With reference to Primary Agricultural Credit Societies (PACS), consider the following statements:

1. They are outside the purview of the Banking Regulation Act, of 1949.
2. They are registered under the respective state co-operative societies act.

Which of the statements given above is/are correct?

12. With reference to Farmer Producer Organisations (FPOs), consider the following statements:

1. It can be registered as a company or cooperative society.
2. Its management lies entirely with the Small Farmers’ Agribusiness Consortium (SFAC).

Which of the statements given above is/are correct?

13. Consider the following statements about the National Mission for Sustainable Agriculture:

1. It is one of the core missions outlined under the National Action Plan on Climate Change.
2. It is implemented by the Union Ministry of Environment, Forest, and Climate Change.

Which of the statements given above is/are correct?

14. Consider the following statements about the Livestock Census:

1. It has been conducted in the country once every 5 years, since 1919-20.
2. It covers all domesticated animals and their headcounts.
3. It is conducted by the Union Ministry of Statistics and Program Implementation.

How many of the statements given above is/are correct?

15. Consider the following statements regarding PM-KISAN:

1. Tenant farmers are eligible to get benefits under the Scheme.
2. The identified beneficiary gets ₹6000 every four months under the scheme.
3. ln case of incorrect declaration, the beneficiary shall be liable for recovery of transferred financial benefit.

How many of the statements given above is/are correct?