Tag: important index numbers

Questions Related to important index numbers

Public distribution system relates to__________.

geography food security in india components of food security government measures for food security important index numbers

  1. marketing system

  2. retailing system

  3. industrial system

  4. selling system

Show answer
Correct Option: B
Explanation:

Public distribution system relates to retailing system. PDS is a network of fair price shops where the necessary commodities and staple food grains are provided to the poor people at low price as compared to the market. So this is a retailing system as the distribution is done through retail shops. 

The base year for consumer price index has now been revised from 1982 to _____.

geography food security in india components of food security government measures for food security important index numbers

  1. 1990

  2. 1991

  3. 1996

  4. 2001

Show answer
Correct Option: D
Explanation:

Government is always set to modify index and base year to calculate DA. The last revision in the base year was in 2006 by the Sixth Central Pay Commission from 1982 to 2001. 

The objectives of FEMA include -

geography food security in india components of food security government measures for food security important index numbers

  1. Facilitating external trade and payment

  2. Promoting the orderly development and maintenance of foreign exchange market in India

  3. Both (a) and (b)

  4. Neither (a) nor (b)

Show answer
Correct Option: C
Explanation:

option c  is correct

The main objective of FEMA is to facilitate external trade and payments and for promoting the orderly development and maintenance of foreign exchange market in India. FEMA deals with provisions relating to procedures, formalities, dealings, etc. of foreign exchange transactions in India.

The unsustainable levels of government deficits in the late $80$'s can be attributed to:

geography food security in india components of food security government measures for food security important index numbers

  1. High levels of government expenditures

  2. Insufficient revenues

  3. Poor returns on government investments

  4. All of the above

Show answer
Correct Option: D
Explanation:

The unsustainable levels of government deficits in the late 80's can be attributed to high levels of government expenditures, insufficient revenues and poor returns on government investments.

The Food Corporation of India was established on ____________.

geography food security in india components of food security government measures for food security important index numbers

  1. 14th January, 1965

  2. 1st June, 1960

  3. 1st January, 1966

  4. 15th January, 1970

Show answer
Correct Option: A
Explanation:

The Food Corporation of India is an organization founded on 14th January, 1965 and run by the Government of India to provide food subsidies to the poor section of the society. 

 

Under PDS, a price lower than the market price is called _____.

geography food security in india components of food security government measures for food security important index numbers

  1. Fair price

  2. Minimum price

  3. Issue price

  4. Product price

Show answer
Correct Option: C
Explanation:

A price lower than the market price is called issue price. The price at which a new security will be distributed to the public prior to the new issue trading on the secondary market. Also commonly referred to as offering price.

MSP stands for _____.

geography food security in india components of food security government measures for food security important index numbers

  1. Minimum Support Price

  2. Maximum Support Price

  3. Maximum Suitable Price

  4. Minimum Suitable Price

Show answer
Correct Option: A
Explanation:
The farmers are paid a pre-announced price for their crops. This price is called Minimum Support Price (MSP). The MSP is declared by the government every year before the sowing season to provide incentives to the farmers for raising the production of these crops.

A pre-announced price for a farmer's crop is called _____.

geography food security in india components of food security government measures for food security important index numbers

  1. FCI

  2. MSP

  3. PDS

  4. PAP

Show answer
Correct Option: B
Explanation:

The farmers are paid a pre-announced price for their crops. This price is called Minimum Support Price (MSP). The MSP is declared by the government every year before the sowing season to provide incentives to the farmers for raising the production of these crops.