Correct answer: (d) 1, 2, 3 and 4
Explanation
- A
1, 2 and 4 only
1, 2 and 4 only. Stockpiling also moves prices.
- B
1, 3 and 4 only
1, 3 and 4 only. FCI/government trading also matters.
- C
2 and 3 only
2 and 3 only. Under-counts MSP and consumer subsidy.
- D
1, 2, 3 and 4
All four. MSP, government trading, stockpiling and consumer subsidies all affected rice prices.
Summary. Official key is (d) 1, 2, 3 and 4. Rice prices in India are a policy price: MSP, FCI buying and selling, buffer stocks, and food-subsidy issue prices all pull the same market.
PYQ trend
When UPSC asked this
Related PYQs from other years, newest first. Open a question to read it.
-
2020 · Q61 · General Studies · 2 marks
In India, which of the following can be considered as public investment in agriculture? 1. Fixing Minimum Support Price for agricultural produce of all crops 2. Computerization of Primary Agricultural Credit Societies 3. Social Capital development 4. Free electricity supply to farmers 5. Waiver of agricultural loans by the banking system 6. Setting up of cold storage facilities by the governments Select the correct answer using the code given below: -
2020 · Q69 · General Studies · 2 marks
Consider the following statements: 1. In the case of all cereals, pulses and oil-seeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India. 2. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise. Which of the statements given above is/are correct? -
2019 · Q65 · General Studies · 2 marks
In the context of India, which of the following factors is/are contributor/ contributors to reducing the risk of a currency crisis? 1. The foreign currency earnings of India's IT sector 2. Increasing the government expenditure 3. Remittances from Indians abroad Select the correct answer using the code given below -
2019 · Q79 · General Studies · 2 marks
The economic cost of food grains to the Food Corporation of India is Minimum Support Price and -
2018 · Q93 · General Studies · 2 marks
The Cabinet Committee on Economic Affairs has announced the Minimum Support Price for which of the following? 1. Areca nut 2. Barley 3. Coffee 4. Finger millet 5. Groundnut 6. Sesamum 7. Turmeric -
2017 · Q52 · General Studies · 2 marks
With reference to 'Global Climate Change Alliance', which of the following statements is/are correct? 1. It is an initiative of the European Union. 2. It provides technical and financial support to targeted developing countries to integrate climate change into their development policies and budgets. 3. It is coordinated by World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD). Select the correct answer using the code given below: -
2016 · Q3 · General Studies · 2 marks
There has been a persistent deficit budget year after year. Which action/actions of the following can be taken by the Government to reduce the deficit? 1. Reducing revenue expenditure 2. Introducing new welfare schemes 3. Rationalizing subsidies 4. Reducing import duty Select the correct answer using the code given below -
2015 · Q98 · General Studies · 2 marks
There has been a persistent deficit budget year after year. Which of the following actions can be taken by the government to reduce the deficit? 1. Reducing revenue expenditure 2. Introducing new welfare schemes 3. Rationalizing subsidies 4. Expanding industries Select the correct answer using the code given below