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

Public distribution system relates to__________.

  1. marketing system

  2. retailing system

  3. industrial system

  4. selling system
Reveal answer Fill a bubble to check yourself
B Correct answer
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. 

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

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

  1. 1990

  2. 1991

  3. 1996

  4. <span>2001</span>
Reveal answer Fill a bubble to check yourself
D Correct answer
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. 

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

The objectives of FEMA include -

  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)
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

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

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

  1. High levels of government expenditures

  2. Insufficient revenues

  3. Poor returns on government investments

  4. All of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
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.

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

The Food Corporation of India was established on ____________.

  1. 14th January, 1965

  2. 1st June, 1960

  3. 1st January, 1966

  4. 15th January, 1970
Reveal answer Fill a bubble to check yourself
A Correct answer
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. 

 

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

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

  1. Fair price

  2. Minimum price

  3. Issue price

  4. Product price
Reveal answer Fill a bubble to check yourself
C Correct answer
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.

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

MSP stands for _____.

  1. Minimum Support Price

  2. Maximum Support Price

  3. Maximum Suitable Price

  4. Minimum Suitable Price
Reveal answer Fill a bubble to check yourself
A Correct answer
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.
Multiple choice geography food security in india components of food security government measures for food security important index numbers

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

  1. FCI

  2. MSP

  3. PDS

  4. PAP
Reveal answer Fill a bubble to check yourself
B Correct answer
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.