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Consider the following statements regarding open-ended procurement policy.
1. The procurement of paddy and wheat by Government of India (GOI) is open ended.
2. The main aim of open-ended procurement policy is to help farmers get remunerative price and prevent distress sale.
3. Under the policy, the farmers must necessarily sell his/her produce at the MSP set by the Government.
Which of the above statements is/are correct?
- a)1, 2
- b)2 only
- c)2, 3
- d)1, 2, 3
Correct answer is option 'A'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding open-ended procurement pol...
Open-Ended Procurement Policy in India
The open-ended procurement policy in India refers to the government's practice of purchasing agricultural commodities, such as paddy and wheat, without any set limits or restrictions. This policy is aimed at ensuring that farmers receive a remunerative price for their produce and are protected from distress sales. Let's evaluate the given statements in detail:
Statement 1: The procurement of paddy and wheat by Government of India (GOI) is open ended.
This statement is correct. The Government of India follows an open-ended procurement policy for paddy and wheat. It means that the government buys as much produce as is offered by the farmers without any fixed quantity limit.
Statement 2: The main aim of open-ended procurement policy is to help farmers get remunerative price and prevent distress sale.
This statement is also correct. The main objective of the open-ended procurement policy is to ensure that farmers receive a fair and remunerative price for their produce. By purchasing the commodities directly from the farmers, the government aims to prevent distress sales, which occur when farmers are forced to sell their produce at very low prices due to market fluctuations or other factors.
Statement 3: Under the policy, the farmers must necessarily sell his/her produce at the MSP set by the Government.
This statement is incorrect. While the government sets a Minimum Support Price (MSP) for various agricultural commodities, it does not make it mandatory for farmers to sell their produce only at the MSP. The MSP acts as a reference price, providing farmers with a floor price for their produce. However, farmers are free to sell their produce in the open market if they can get a better price than the MSP.
In conclusion, the correct statements regarding the open-ended procurement policy in India are:
1. The procurement of paddy and wheat by the Government of India is open-ended.
2. The main aim of the open-ended procurement policy is to help farmers get a remunerative price and prevent distress sales.
Therefore, the correct answer is option 'A' (1, 2).
The open-ended procurement policy in India refers to the government's practice of purchasing agricultural commodities, such as paddy and wheat, without any set limits or restrictions. This policy is aimed at ensuring that farmers receive a remunerative price for their produce and are protected from distress sales. Let's evaluate the given statements in detail:
Statement 1: The procurement of paddy and wheat by Government of India (GOI) is open ended.
This statement is correct. The Government of India follows an open-ended procurement policy for paddy and wheat. It means that the government buys as much produce as is offered by the farmers without any fixed quantity limit.
Statement 2: The main aim of open-ended procurement policy is to help farmers get remunerative price and prevent distress sale.
This statement is also correct. The main objective of the open-ended procurement policy is to ensure that farmers receive a fair and remunerative price for their produce. By purchasing the commodities directly from the farmers, the government aims to prevent distress sales, which occur when farmers are forced to sell their produce at very low prices due to market fluctuations or other factors.
Statement 3: Under the policy, the farmers must necessarily sell his/her produce at the MSP set by the Government.
This statement is incorrect. While the government sets a Minimum Support Price (MSP) for various agricultural commodities, it does not make it mandatory for farmers to sell their produce only at the MSP. The MSP acts as a reference price, providing farmers with a floor price for their produce. However, farmers are free to sell their produce in the open market if they can get a better price than the MSP.
In conclusion, the correct statements regarding the open-ended procurement policy in India are:
1. The procurement of paddy and wheat by the Government of India is open-ended.
2. The main aim of the open-ended procurement policy is to help farmers get a remunerative price and prevent distress sales.
Therefore, the correct answer is option 'A' (1, 2).
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Consider the following statements regarding open-ended procurement pol...
The procurement policy of Government of India (GOI) is open ended, under which paddy and wheat offered by farmers all over the country within the stipulated period (conforming to specifications prescribed in advance by GOI) are purchased for Central Pool at Minimum Support Price (MSP) by Food Corporation of India (FCI)/State Governments/State Government Agencies to help farmers get remunerative price and prevent distress sell. However, if any producer/farmer gets better price in comparison to MSP, he/she is free to sell his/her produce in open market
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Consider the following statements regarding open-ended procurement policy.1. The procurement of paddy and wheat by Government of India (GOI) is open ended.2. The main aim of open-ended procurement policy is to help farmers get remunerative price and prevent distress sale.3. Under the policy, the farmers must necessarily sell his/her produce at the MSP set by the Government.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'A'. Can you explain this answer?
Question Description
Consider the following statements regarding open-ended procurement policy.1. The procurement of paddy and wheat by Government of India (GOI) is open ended.2. The main aim of open-ended procurement policy is to help farmers get remunerative price and prevent distress sale.3. Under the policy, the farmers must necessarily sell his/her produce at the MSP set by the Government.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'A'. 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 regarding open-ended procurement policy.1. The procurement of paddy and wheat by Government of India (GOI) is open ended.2. The main aim of open-ended procurement policy is to help farmers get remunerative price and prevent distress sale.3. Under the policy, the farmers must necessarily sell his/her produce at the MSP set by the Government.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'A'. 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 regarding open-ended procurement policy.1. The procurement of paddy and wheat by Government of India (GOI) is open ended.2. The main aim of open-ended procurement policy is to help farmers get remunerative price and prevent distress sale.3. Under the policy, the farmers must necessarily sell his/her produce at the MSP set by the Government.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'A'. Can you explain this answer?.
Consider the following statements regarding open-ended procurement policy.1. The procurement of paddy and wheat by Government of India (GOI) is open ended.2. The main aim of open-ended procurement policy is to help farmers get remunerative price and prevent distress sale.3. Under the policy, the farmers must necessarily sell his/her produce at the MSP set by the Government.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'A'. 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 regarding open-ended procurement policy.1. The procurement of paddy and wheat by Government of India (GOI) is open ended.2. The main aim of open-ended procurement policy is to help farmers get remunerative price and prevent distress sale.3. Under the policy, the farmers must necessarily sell his/her produce at the MSP set by the Government.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'A'. 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 regarding open-ended procurement policy.1. The procurement of paddy and wheat by Government of India (GOI) is open ended.2. The main aim of open-ended procurement policy is to help farmers get remunerative price and prevent distress sale.3. Under the policy, the farmers must necessarily sell his/her produce at the MSP set by the Government.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'A'. Can you explain this answer?.
Solutions for Consider the following statements regarding open-ended procurement policy.1. The procurement of paddy and wheat by Government of India (GOI) is open ended.2. The main aim of open-ended procurement policy is to help farmers get remunerative price and prevent distress sale.3. Under the policy, the farmers must necessarily sell his/her produce at the MSP set by the Government.Which of the above statements is/are correct?a)1, 2b)2 onlyc)2, 3d)1, 2, 3Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC.
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