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Question 1 of 5
1. Question
2 points
Reciprocal trade agreements (RTAs) include:
1)Preferential arrangements
2)Free trade agreements
3)Customs unions
4)Common markets
Which of the above statements is/are correct:
Correct
•Solution:
(D)
o Commerce Minister emphasizes on reciprocal market access for Indian goods.
o Countries use bilateral/regional trade agreements to increase market access and expand trade in foreign markets.
o These agreements are called reciprocal trade agreements (RTAs) because members grant special advantages to each other.
o RTAs include many types of agreements, such as preferential arrangements, free trade agreements, customs unions, and common markets, in which members agree to open their markets to each other’s exports by lowering trade barriers.
Incorrect
Question 2 of 5
2. Question
2 points
Consider the following statements regarding National Green Tribunal (NGT):
1) It can impose fine up to 5 lakhs on individuals, institutions and state agencies.
2) NGT is established under Environment Protection Act, 1986.
3) It is a specialized body equipped with the necessary expertise to handle environmental disputes involving multi-disciplinary issues.
Which of the statements given above is/are correct
Correct
• Solution:
(C)
o The National Green Tribunal has been established on 18.10.2010 under the National Green Tribunal Act 2010 for effective and expeditious disposal of cases relating to environmental protection and conservation of forests and other natural resources including enforcement of any legal right relating to environment and giving relief and compensation for damages to persons and property and for matters connected therewith or incidental thereto.
o It is a specialized body equipped with the necessary expertise to handle environmental disputes involving multi-disciplinary issues.
o The National Green Tribunal (NGT) has imposed a penalty of ₹25 lakh each on the States of Bihar, Jharkhand and West Bengal for not taking adequate steps to curb pollution in the river Ganga.
Incorrect
Question 3 of 5
3. Question
2 points
White Stem Borer, sometime seen in the news, normally attack which crop:
Correct
• Solution:
(C)
o Coffee white stem borer, Xylotrechusquadripes, is a serious pest of arabica coffee causing a yield loss up to 40 per cent in all coffee growing areas of India.
o It is a blackish brown coloured beetle measuring about 2 cm in size with three pairs of white stripes running obliquely across the wings.
Alternate host plants of this beetle include rose sandal wood, teak etc.
Incorrect
Question 4 of 5
4. Question
1 points
Which of the following are the factors in the determination of Minimum Support Prices
(MSP):
1) Cost of production (CoP)
2) Price trend in the domestic and international markets
3) Inter-crop price parity
Select the correct code:
Correct
• Solution:
(D)
o Cost of production (CoP) is one of the important factors in the determination of MSP of mandated crops.
o Besides cost, the Commission for ‘Agricultural Costs and Prices’ (CACP), considers other important factors such as demand and supply, price trend in the domestic and international markets, inter-crop price parity, terms of trade between agricultural and non-agricultural sectors and the likely impact of MSPs on consumers, in addition to ensuring rational utilization of natural resources like land and water.
o Thus, pricing policy is rooted not in ‘cost plus’ approach, though cost is an important determinant of MSP.
Incorrect
Question 5 of 5
5. Question
2 points
Government announces minimum support prices (MSPs) based on the recommendations of the Commission for Agricultural Costs and Prices (CACP) for which of the following crops:
1)Raw cotton
2)Ragi
3)Copra
4)Groundnut
5)Paddy
6)Soyabean
Select the correct code:
Correct
Solution:
(D)
o Government announces minimum support prices (MSPs) for 22 mandated crops and fair and remunerative price (FRP) for sugarcane on the basis of recommendations of the Commission
for Agricultural Costs and Prices (CACP), after considering the views of State Governments
and Central Ministries/Departments concerned and other relevant factors.
o 14 crops of the kharif season viz. paddy, jowar, bajra, maize, ragi, arhar, moong, urad, groundnut-inshell, soyabean, sunflower, sesamum, niger-seed and cotton;
o 6 rabi crops viz. wheat, barley, gram, masur(lentil), rapeseed/mustard and safflower
o Two other commercial crops viz. jute and copra. In addition, the MSPs of toria and de-husked coconut are fixed on the basis of the MSPs of rapeseed/mustard and copra,
respectively.
