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Consider the following statements
(1) Price Stabilisation Fund was formed to protect the farmers from volatility in prices of horticultural commodities
(2) Market Intervention Scheme was introduced to protect the consumers against price volatility in prices of Onions, Potato and Pulses.
Q. Which of the above statements is/are correct ?
  • a)
    Only 1
  • b)
    Only 2
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements(1) Price Stabilisation Fund was form...
Price Stabilization Fund was formed to regulate price volatility through procurement by State/ UT Government and Central agencies of selected produce, maintenance of buffer stocks and regulated release into the market.

Government of India has been implementing Market Intervention Scheme (MIS) for various horticulture commodities since 1983-84 on request of State Governments in the event of fall in prices below economic levels to ensure that the farmers are not forced to make distress sales of their produce.

Hence option d is the correct answer.
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Community Answer
Consider the following statements(1) Price Stabilisation Fund was form...
D
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Consider the following statements(1) Price Stabilisation Fund was formed to protect the farmers from volatility in prices of horticultural commodities(2) Market Intervention Scheme was introduced to protect the consumers against price volatility in prices of Onions, Potato and Pulses.Q. Which of the above statements is/are correct ?a)Only 1b)Only 2c)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
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Consider the following statements(1) Price Stabilisation Fund was formed to protect the farmers from volatility in prices of horticultural commodities(2) Market Intervention Scheme was introduced to protect the consumers against price volatility in prices of Onions, Potato and Pulses.Q. Which of the above statements is/are correct ?a)Only 1b)Only 2c)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about Consider the following statements(1) Price Stabilisation Fund was formed to protect the farmers from volatility in prices of horticultural commodities(2) Market Intervention Scheme was introduced to protect the consumers against price volatility in prices of Onions, Potato and Pulses.Q. Which of the above statements is/are correct ?a)Only 1b)Only 2c)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements(1) Price Stabilisation Fund was formed to protect the farmers from volatility in prices of horticultural commodities(2) Market Intervention Scheme was introduced to protect the consumers against price volatility in prices of Onions, Potato and Pulses.Q. Which of the above statements is/are correct ?a)Only 1b)Only 2c)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
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