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With reference to the wheat production, consider the following statements:
1. Revised estimates of wheat production are much lower than the estimated 111 mmt (million metric tonnes).
2. April 2022 wheat inflation is at 9.59 per cent (y-o-y) against overall cereal inflation of 5.96 per cent.
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?
Most Upvoted Answer
With reference to the wheat production, consider the following stateme...
In a knee-jerk reaction, the Government has banned wheat exports with effect from May 13, with some minor exceptions for those who have irrevocable letters of credit or where the governments of importing countries request the Indian government for food security purposes.
  • This comes as a shock because only a month ago, Prime Minister Narendra Modi had said that if WTO allows us to export grains, India will start exporting from tomorrow to feed the world.
  • Possible reasons
    • Revised estimates of wheat production are much lower than the estimated 111 mmt (million metric tonnes). Wheat procurement is likely to end up at around 19 to 20 mmt by June-end against the more than 43 mmt last year.
    • Another factor could be that the April ’22 wheat inflation is at 9.59 per cent (y-o-y) against overall cereal inflation of 5.96 per cent.
  • Criticism: No matter what the rationale is, it hits the credibility of India as a reliable supplier of anything in global markets. It conveys that we don’t have any credible export policy as it can turn its back at the drop of a hat.
Hence both statements are correct.
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With reference to the wheat production, consider the following statements:1. Revised estimates of wheat production are much lower than the estimated 111 mmt (million metric tonnes).2. April 2022 wheat inflation is at 9.59 per cent (y-o-y) against overall cereal inflation of 5.96 per cent.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 wheat production, consider the following statements:1. Revised estimates of wheat production are much lower than the estimated 111 mmt (million metric tonnes).2. April 2022 wheat inflation is at 9.59 per cent (y-o-y) against overall cereal inflation of 5.96 per cent.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 UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about With reference to the wheat production, consider the following statements:1. Revised estimates of wheat production are much lower than the estimated 111 mmt (million metric tonnes).2. April 2022 wheat inflation is at 9.59 per cent (y-o-y) against overall cereal inflation of 5.96 per cent.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 UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the wheat production, consider the following statements:1. Revised estimates of wheat production are much lower than the estimated 111 mmt (million metric tonnes).2. April 2022 wheat inflation is at 9.59 per cent (y-o-y) against overall cereal inflation of 5.96 per cent.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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