Which of the following pairs related to agricultural schemes has/have been matched correctly?
1. Market Intervention Scheme: To stabilize the supply and prices of tomato, onion and potato.
2. Price Stabilization Fund: To stabilize the prices of wheat by selling it in the open market.
3. Operation Greens: To introduce Green Revolution in the eastern states.
Select the correct answer using the code given below:
1 and 2 only
3 only
2 and 3 only
None of the above
• The Department of Agriculture and Co-operation is implementing the Market Intervention Scheme (MIS) for procurement of agricultural and horticultural commodities, which are generally perishable in nature.
• The basic objective of MIS is to provide remunerative prices to the farmers, in case of glut in production and fall in prices.
• Further, MIS is implemented on the specific requests of the State Governments/UT Administrations, willing to share the loss with the Central Government on 50:50 basis (75:25 in case of north-eastern states). Under MIS, funds are not allocated to the states. Instead, central share of losses, as per the guidelines of MIS, is released to the State Governments/UTs, for which MIS has been approved based on specific proposals received from them.
• The Price Stabilization Fund (PSF) was set up in 2014-15 under the Department of Agriculture, Co-operation and Famers’ Welfare (DAC&FW) to help regulate the price volatility of important agri-horticultural commodities, like onion and potato, and pulses were also added subsequently. The PSF scheme was transferred from DAC&FW to the Department of Consumer Affairs (DOCA) in 2016.
• The scheme (PSF) provides for maintaining a strategic buffer of aforementioned commodities for subsequent calibrated release to moderate price volatility and discourage hoarding and unscrupulous speculation.
• ‘Operation Greens’ was announced in the Budget speech of 2018-19, with an outlay of Rs. 500 crores to stabilize the supply of tomato, onion and potato (TOP) crops and to ensure availability of TOP crops throughout the country, round the year, without price volatility.
The term 'West Texas Intermediate', sometimes found in news, refers to a grade of
International Relations · Easy
If another global financial crisis happens in the near future, which of the following actions/policies are most likely to give some immunity to India? 1. Not depending on short-term foreign borrowings 2. Opening up to more foreign banks 3. Maintaining full capital account convertibility Select the correct answer using the code given below:
International Relations · Easy
Out of the following statements, choose the one that brings out the principle underlying the Cabinet form of Government:
International Relations · Easy
A country is said to have reduced the Poverty Gap Ratio from 2010-11 to 2019-2020. What does it imply?
International Relations · Easy