Quiz | Jatin Verma’s IAS Academy
Correct Incorrect Unattempted
Q1

Which one of the following releases the 'Index of Economic Freedom' periodically? 

 

Q2

The supply and distribution of which of the following commodities are controlled by the Essential Commodities Act (ECA), 1955?

1. Seeds of fruits and vegetables

2. Raw Jute and jute textiles

3. Drugs

4. Petroleum and its products, including petrol

Select the correct answer using the code given below:

 

Q3

With reference to the National Pharmaceutical Pricing Authority (NPPA), consider the following statements:

1. It works under the Ministry of Health and Family Welfare.

2. It is responsible for the enforcement of the Drugs Prices Control Order. 

Which of the statements given above is/are correct?

 

Q4

Which of the following functions are performed by the Food Corporation of India?

1. Procurement of foodgrains from farmers

2. Announcement of Minimum Support Prices 

3. Maintenance of buffer stock of foodgrains 

4. Distribution of foodgrains to consumers through the Public Distribution System

Select the correct answer using the code given below:

 

Q5

With reference to the Indian economy, the term 'Central Issue Price (CIP)' denotes

 

Q6

With reference to Targeted Public Distribution System (TPDS), consider the following statements:

1. This is operated under the joint responsibility of the Central and the State/Union Territory (UT) Governments.

2. In this system, the Central Government is responsible for procurement, allocation and transportation of foodgrains while the States/UTs are responsible for the identification of eligible beneficiaries.

Which of the statements given above is/are correct?

 

Q7

 Regarding Minimum Support Price (MSP), consider the following statements:

1. It is announced at the beginning of the sowing season.

2. The international price situation is not considered while determining the Minimum Support Price (MSP).

Which of the statements given above is/are correct?

 

Q1.

Which one of the following releases the 'Index of Economic Freedom' periodically? 

 

a) The World Economic Forum
b) The Organisation for Economic Co-operation and Development
c) The International Monetary Fund
d) None of the above
Q2.

The supply and distribution of which of the following commodities are controlled by the Essential Commodities Act (ECA), 1955?

1. Seeds of fruits and vegetables

2. Raw Jute and jute textiles

3. Drugs

4. Petroleum and its products, including petrol

Select the correct answer using the code given below:

 

a) 1, 2 and 3 only
b) 3 and 4 only
c) 1, 2 and 4 only
d) 1, 2, 3 and 4
Q3.

With reference to the National Pharmaceutical Pricing Authority (NPPA), consider the following statements:

1. It works under the Ministry of Health and Family Welfare.

2. It is responsible for the enforcement of the Drugs Prices Control Order. 

Which of the statements given above is/are correct?

 

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Q4.

Which of the following functions are performed by the Food Corporation of India?

1. Procurement of foodgrains from farmers

2. Announcement of Minimum Support Prices 

3. Maintenance of buffer stock of foodgrains 

4. Distribution of foodgrains to consumers through the Public Distribution System

Select the correct answer using the code given below:

 

a) 2 only
b) 1, 3 and 4 only
c) 3 only
d) 1, 2 and 4 only
Q5.

With reference to the Indian economy, the term 'Central Issue Price (CIP)' denotes

 

a) The price at which the government makes these food grains available to states.
b) The price at which subsidized commodities are sold at Fair Price Shops.
c) The difference between the procurement cost of FCI and the MSP.
d) The floor price of the agriculture commodities for which a Minimum Support Price has not been decided by the government.
Q6.

With reference to Targeted Public Distribution System (TPDS), consider the following statements:

1. This is operated under the joint responsibility of the Central and the State/Union Territory (UT) Governments.

2. In this system, the Central Government is responsible for procurement, allocation and transportation of foodgrains while the States/UTs are responsible for the identification of eligible beneficiaries.

Which of the statements given above is/are correct?

 

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2
Q7.

 Regarding Minimum Support Price (MSP), consider the following statements:

1. It is announced at the beginning of the sowing season.

2. The international price situation is not considered while determining the Minimum Support Price (MSP).

Which of the statements given above is/are correct?

 

a) 1 only
b) 2 only
c) Both 1 and 2
d) Neither 1 nor 2