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With reference to the fertiliser subsidy, consider the following statements:
1. The Union government has recently increased the subsidy for DAP fertiliser from Rs. 500 per bag to Rs. 1200 per bag, which is an increase of 140%.
2. DAP is manufactured by reacting Ammonia with Phosphoric acid under controlled conditions in fertilizer plants.
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
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the fertiliser subsidy, consider the following state...
Government takes historic pro-farmer decision of hiking fertiliser subsidy.
  • PM Narendra Modi chaired a high level meeting on the issue of fertiliser prices. It was discussed that the price of fertilisers is undergoing an increase due to the rising prices of phosphoric acid, ammonia etc internationally.
  • A historic decision was taken to increase the subsidy for DAP fertiliser from Rs. 500 per bag to Rs. 1200 per bag, which is an increase of 140%.
  • Thus, despite the rise in international market prices of DAP, it has been decided to continue selling it at the older price of Rs.1200 and the central government has decided to bear all the burden of price hike. The amount of subsidy per bag has never been increased so much at once.
  • Recently, the international prices of phosphoric acid, ammonia etc. used in DAP have gone up by 60% to 70%. So the actual price of a DAP bag is now Rs 2400, which could be sold by Fertilizer companies at Rs 1900 after considering a subsidy of Rs 500. With recent decision, farmers will continue to get a DAP bag for Rs 1200.
DAP is manufactured by reacting Ammonia with Phosphoric acid under controlled conditions in fertilizer plants. Hence both statements are correct.
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With reference to the fertiliser subsidy, consider the following statements:1. The Union government has recently increased the subsidy for DAP fertiliser from Rs. 500 per bag to Rs. 1200 per bag, which is an increase of 140%.2. DAP is manufactured by reacting Ammonia with Phosphoric acid under controlled conditions in fertilizer plants.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the fertiliser subsidy, consider the following statements:1. The Union government has recently increased the subsidy for DAP fertiliser from Rs. 500 per bag to Rs. 1200 per bag, which is an increase of 140%.2. DAP is manufactured by reacting Ammonia with Phosphoric acid under controlled conditions in fertilizer plants.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the fertiliser subsidy, consider the following statements:1. The Union government has recently increased the subsidy for DAP fertiliser from Rs. 500 per bag to Rs. 1200 per bag, which is an increase of 140%.2. DAP is manufactured by reacting Ammonia with Phosphoric acid under controlled conditions in fertilizer plants.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the fertiliser subsidy, consider the following statements:1. The Union government has recently increased the subsidy for DAP fertiliser from Rs. 500 per bag to Rs. 1200 per bag, which is an increase of 140%.2. DAP is manufactured by reacting Ammonia with Phosphoric acid under controlled conditions in fertilizer plants.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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