DESIREIAS QUIZ

08th December 2018: DESIRE IAS DAILY QUIZ -Based on Current Affairs Answers

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DESIRE IAS DAILY QUIZ -Based on Current Affairs Answers

08th December 2018

 

Q-Which statement is correct regarding Minimum Support Price (MSP)

A-MSP is independent to C2 Cost

B-MSP<C2 costs

C-MSP>C2 costs

D- MSP=C2 cost

MCQ Source – 08th December 2018, The Hindu Newspaper, Topic- minimum support price (MSP)  ( Page-7)

MCQ Source- https://economictimes.indiatimes.com/news/economy/agriculture/budget-2018-focus-on-msp-ideal-for-tackling-farm-distress/articleshow/62715338.cms

Ans-C

Exp-

Minimum Support Price (MSP)

  • Price Support Policy of the Government is directed at providing insurance to agricultural producers against any sharp fall in farm prices. The minimum guaranteed prices are fixed to set a floor below which market prices cannot fall.
  • MSP were announced by the Government of India for the first time in 1966-67 for Wheat in the wake of the Green Revolution and extended harvest, to save the farmers from depleting profits.
  • Till the mid 1970s, Government announced two types of administered prices :
    • Minimum Support Prices (MSP)
    • Procurement Prices
  • This policy of two official prices being announced continued with some variation upto 1973-74, in the case of paddy. In the case of wheat it was discontinued in 1969 and then revived in 1974-75 for one year only. Since there were too many demands for stepping up the MSP, in 1975-76, the present system was evolved in which only one set of prices was announced for paddy (and other kharif crops) and wheat being procured for buffer stock operations.
  • MSP is announced by the Government of India for 25 crops currently at the beginning of each season viz. Rabi and Kharif. 
  • Following are the 25 crops covered by MSP
    • Kharif Crops: Paddy, Jowar, Bajra, Maize, Ragi, Arhar(Tur), Moong, Urad, Cotton, Groundnut, Sunflower Seed, Soyabeen Black, Sesamum, Nigerseed
    • Rabi Crops: Wheat, Barley,Gram, Masur (Lentil), Rapeseed/Mustard, Safflower, Toria
    • Other Crops:Copra, De-Husked Coconut, Jute, Sugarcane

CACP’s Methodology for Cost Calculation

  • Minimum Support Price for major agricultural products are announced each year after taking into account the recommendations for the commission for agricultural costs and prices (CACP).
  • The CACP while recommending prices takes into account all important factors including cost of production, changes in input prices, input/output parity, trends in market prices, inter crop price parity, Demand and supply situation, parity between prices paid and prices received by farmers etc. 
  • In fixing the support prices, CACP relies on the cost concept which covers all items of expenses of cultivation including that the imputed value of the inputs owned by farmers such as rental value of owned land and interest on fixed capital. some of the important cost concepts used by CACP are the C2 and C3 Costs. 
    • C2 Cost: C2 cost includes all actual expenses in cash and kind incurred in production by actual owner + rent paid for leased land + imputed value of family labour + interest on the value of owned capital assets (excluding land) + rental value of owned land (net of land revenue)
    • C3 Cost: Cost C2 + 10% of cost C2 to account for managerial remuneration to the farmer.
  • Costs of production are calculated both on a per quintal and per hectare basis. Since cost variation are large over states. CACP recommends that MSP should be considered on the basis of C2 Cost.  However increases in MSP have been so substantial in case of paddy and what that in most of the states MSPs are way above not only the C2 cost but the C3 cost as well.

 

 

Q- The Government of India fixes the Minimum Support Prices after taking into account the recommendations of which among the following bodies? ( UPSC Asked in Prelims)

A-Ministry of Consumer Affairs, Food and Public Distribution

B-Cabinet Committee of Economic Affairs
C-Planning Commission
D-Commission for Agricultural Costs and Prices

MCQ Source – 08th December 2018, The Hindu Newspaper, Topic- minimum support price (MSP)  ( Page-7)( Analysis 360 Degree View)

Ans-D

Exp- Check First Questions Detail Answer

 

 

Q-Consider the following Statements regarding Procurement of Food Grains:

  1. Food Corporation of India (FCI), an autonomous organisation of the Department, with the help of state government agencies, procures food grains from farmers.
  2. Food grains are procured at the Minimum Support Prices, based on the recommendations of Cabinet Committee on Economic Affairs (CCEA).

Choose the correct statements from the option given below:

A-Only 1
B- Only 2
C- Both are Correct
D- None of the Above

MCQ Source – 08th December 2018, The Hindu Newspaper, Topic- minimum support price (MSP)  ( Page-7)( In-Depth Analysis )

MCQ Source- http://fci.gov.in/app/webroot/upload/Uniform%20Specifications%20KMS%202016-17.pdf

Ans-C

Exp- Check First Questions Detail Answer

 

Q-Consider the following statements Regarding Research and Analysis Wing (R&AW or RAW)

1-It was established in 1968 following the intelligence failures of the Sino-Indian and Indo-Pakistani wars.

2-It is under the direct command of Home Minister and reports on an administrative basis to the Cabinet Secretary of India, who reports to the Prime Minister.

3-As per Latest SC Judgment now RAW does not  exclude from the RTI ACT

4-RAW, at any given point of time, is not answerable to the parliament of India on any issue. 

Choose the correct statements from the option given below:

A-Only 1,4

B-Only 1,3,4

C-Only 1,2,4

D-Only 1,2,3

MCQ Source – 08th December 2018, The Hindu Newspaper, Topic- RAW+ CBI ( Page-8)

Ans-A

Exp-

  • RAW is the primary foreign intelligence agency of India.
  • It was established in 1968following the intelligence failures of the Sino-Indian and Indo-Pakistani wars.
  • Headquarters: New Delhi
  • Motto:धर्मो रक्षति रक्षित: (English: The law protects when it is protected)
  • It is under the direct command of Prime Ministerand reports on an administrative basis to the Cabinet Secretary of India, who reports to the Prime Minister.
  • Its primary function is gathering foreign intelligence, engaging in counter-terrorism, advising Indian policymakers, promoting counter-proliferation and advancing India’s foreign strategic interests.
  • The RAW is excluded from the RTI ACT that is we common people can’t file RTI related to RAW
  • RAW, at any given point of time, is not answerable to the parliament of India on any issue. 
  • The head of RAW is called the “Secretary”(research) in the cabinet secretariat

 

 

Q-Consider the following statements Regarding Brihadeeswarar Temple

1-Brihadeeswarar Temple at Thanjavur(Kerala) is the world’s first complete “granite” temple.

2-It was built by Rajraja Chola-I and is a part of UNESCO’s world Heritage sites.

3-The Nandi is carved out of a single rock

Choose the correct statements from the option given below:

A-Only 2

B-Only 1,2

C-Only 1,2,3

D-Only2,3

MCQ Source – 08th December 2018, The Hindu Newspaper, Topic-Brihadeeswarar Temple( Page-9)

Ans-D

 Exp-

  •  Brihadeeswarar Temple or Peruvudaiyar Kovil or Rajrajeshwaram temple at Thanjavur is the world’s first complete “granite” temple.
  • It was built by Rajraja Chola-I and is a part of UNESCO’s world Heritage sites.
  • The Nandi is carved out of a single rock
  •  The Vimana or the temple tower (known as Raja Gopuram)  is 216 Feet in height and is one of the tallest buildings of its kind. The Nandi is carved out of a single rock. This temple has completed 1 millennium in 2010. It was dictated by lord Shiva to Rajraja Chola I, when he triumphedIlam (Sri Lanka) Island.

 

Q-Consider the following statements Regarding Diammonium phosphate (DAP) 

1-Diammonium phosphate (DAP) Diammonium phosphate (DAP) is a concentrated fertilizer with high phosphorus and nitrogen content.

2-It can be applied directly to soil of as a mixture with other fertilizers. 

3-DAP can be applied to all soil types.

Choose the correct statements from the option given below:

A-Only 2

B-Only 3

C-Only 1,2

D-All of the Above

MCQ Source – 08th December 2018, The Hindu Newspaper,Topic- fertilizer DAP (Diammonium Phosphate) ( Page-7)

MCQ Source-http://www.iffco.in/ourproducts/index/dap

Ans-D

 

 

Q-Which of the following is reason behind inclusion of fundamental rights in constitution?

1.To establish government of law
2.To impose negative obligations on state
3.To guarantee basic economic rights to individual

Choose the correct statements from the option given below:

A-Only 2 
B-Only 1,2
C-Only 2,3
D-All of the above

MCQ Source – 08th December 2018, The Hindu Newspaper,Topic-Representation of the People Act+Consolidated Fund of India+Fundamental rights( Page-6)

Ans-B