Which of the following factors/policies were affecting the price of rice in India in the recent past?

  1. Minimum Support Price
  2. Government’s trading
  3. Government’s stockpiling
  4. Consumer subsidies

Select the correct answer using the code given below:

[UPSC Civil Services Exam – 2020 Prelims]

(a) 1, 2 and 4 only

(b) 1, 3 and 4 only

(c) 2 and 3 only

(d) 1, 2, 3 and 4


Answer: (d)        

Explanation:

  • Statement 1 is correct. The government’s involvement in trading and setting a minimum support price for rice can lead to the diversion of stocks from the open market, which in turn can drive up prices for consumers.
  • Statement 2 is correct. Short-term fluctuations in rice production and prices are influenced by climatic shocks that impact both supply and demand factors.
  • Statement 3 is correct. Rice tenders conducted by organizations like the Food Corporation of India and consumer subsidies can help lower prices for the end consumer, making rice more affordable.
  • Statement 4 is correct. The government’s stockpiling of rice can be constrained by low stock levels, limiting its ability to mitigate price increases during times of scarcity.

Consider the following statements:                                                                   The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

Read More »

Consider the following statements:                                                         The Parliament of India can place a particular law in the Ninth Schedule of the Constitution of India. The validity of a law placed in the Ninth Schedule cannot be examined by any court and no judgement can be made on it. Which of the statements given above is/are correct?

Consider the following statements:                                               

Read More »

Useful Links

Download
Neyyar App

Left Menu Icon