Current Affairs MCQ for UPSC Exams – 03 September 2015

 Current Affairs MCQ for UPSC Exams – 3 September 2015

:: Business ::

1. Consider the following statements

1. Minimum support price was announced before sowing started
2. Procurement prices announced after the harvesting of crops
3. Now government announced MSP which is procurement price too.

Correct statement is / are

a) 1 Only
b) 1, 2,
c) 2,3
d.1,2,3

2. Consider the following statements

1. Issue price is the price at which the FCI sells its food grains
2. The issue prices are market based prices

Correct statement is / are

a) 1 Only
b) Only 2
c) both
d) none

3. The use for buffer stock is

1. Supply to the targeted public distribution system
2. At times goes to the open market to check rising prices if needed
3. Exporting to neighbour states in crisis

Correct statements is / are-

a) 1 Only
b) 1 and 2
c) 1,3
d) 1,2,3

4. The economic cost of food grain consist of the following components :

1. MSP as the price paid to the farmers
2. Procurement incidentals
3. Cost of distribution
4. Cost of maintaining the FCI

a) 1, 2
b) 1,3, 4
c) 1,2,3
d) 2,3,4

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