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With reference to the sugarcane, consider the following statements:
1. The Cabinet Committee on Economic Affairs (CCEA) has recently approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October - September) at ₹305 per quintal.
2. The FRP for last season was ₹290 per quintal with a basic recovery rate of 10%.
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?
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Most Upvoted Answer
With reference to the sugarcane, consider the following statements:1. ...
The Cabinet Committee on Economic Affairs (CCEA), at its meeting chaired by Prime Minister Narendra Modi, has approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October - September) at ₹305 per quintal.
- The amount is for sugarcane with a basic sugar recovery rate of 10.25%. The Centre has also announced a premium of ₹3.05 per quintal for each 0.1% increase in recovery of sugar over and above 10.25% and reduction in FRP by ₹3.05 per quintal for every 0.1% decrease in recovery.
- The FRP for last season was ₹290 per quintal with a basic recovery rate of 10%.
- While the Centre claimed the increase will protect the interest of sugarcane farmers, the farmers’ organisations said the FRP is too low when compared to the increase in input cost and the increase of 0.25% in recovery rate is a blow to them.
- The Centre has also decided that there shall not be any deduction in case of sugar mills where recovery is below 9.5%.
Hence both statements are correct.
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Community Answer
With reference to the sugarcane, consider the following statements:1. ...
Statement 1: The Cabinet Committee on Economic Affairs (CCEA) has recently approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October - September) at 305 per quintal.
Statement 2: The FRP for last season was 290 per quintal with a basic recovery rate of 10%.
Explanation:
To understand the correctness of the statements, let's analyze them one by one:
Statement 1: The Cabinet Committee on Economic Affairs (CCEA) has recently approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October - September) at 305 per quintal.
This statement states that the CCEA has approved the FRP of sugarcane for the sugar season 2022-23 at 305 per quintal. The FRP is the minimum price that sugar mills are required to pay to sugarcane farmers. The CCEA is a decision-making body of the Government of India responsible for approving major economic decisions.
Statement 2: The FRP for last season was 290 per quintal with a basic recovery rate of 10%.
This statement states that the FRP for the last season was 290 per quintal with a basic recovery rate of 10%. The basic recovery rate refers to the amount of sugar that can be extracted from a given quantity of sugarcane. It is expressed as a percentage.
Analysis:
Comparing the two statements, we can see that:
- Statement 1 provides information about the FRP for the upcoming sugar season of 2022-23, which is 305 per quintal.
- Statement 2 provides information about the FRP for the last season, which was 290 per quintal with a basic recovery rate of 10%.
Conclusion:
Both statements are correct. Statement 1 provides information about the current FRP approved by the CCEA for the upcoming sugar season 2022-23, while Statement 2 provides information about the FRP for the last season. Therefore, the correct answer is option (c) Both 1 and 2.
Statement 2: The FRP for last season was 290 per quintal with a basic recovery rate of 10%.
Explanation:
To understand the correctness of the statements, let's analyze them one by one:
Statement 1: The Cabinet Committee on Economic Affairs (CCEA) has recently approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October - September) at 305 per quintal.
This statement states that the CCEA has approved the FRP of sugarcane for the sugar season 2022-23 at 305 per quintal. The FRP is the minimum price that sugar mills are required to pay to sugarcane farmers. The CCEA is a decision-making body of the Government of India responsible for approving major economic decisions.
Statement 2: The FRP for last season was 290 per quintal with a basic recovery rate of 10%.
This statement states that the FRP for the last season was 290 per quintal with a basic recovery rate of 10%. The basic recovery rate refers to the amount of sugar that can be extracted from a given quantity of sugarcane. It is expressed as a percentage.
Analysis:
Comparing the two statements, we can see that:
- Statement 1 provides information about the FRP for the upcoming sugar season of 2022-23, which is 305 per quintal.
- Statement 2 provides information about the FRP for the last season, which was 290 per quintal with a basic recovery rate of 10%.
Conclusion:
Both statements are correct. Statement 1 provides information about the current FRP approved by the CCEA for the upcoming sugar season 2022-23, while Statement 2 provides information about the FRP for the last season. Therefore, the correct answer is option (c) Both 1 and 2.
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With reference to the sugarcane, consider the following statements:1. The Cabinet Committee on Economic Affairs (CCEA) has recently approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October - September) at 305 per quintal.2. The FRP for last season was 290 per quintal with a basic recovery rate of 10%.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 sugarcane, consider the following statements:1. The Cabinet Committee on Economic Affairs (CCEA) has recently approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October - September) at 305 per quintal.2. The FRP for last season was 290 per quintal with a basic recovery rate of 10%.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 sugarcane, consider the following statements:1. The Cabinet Committee on Economic Affairs (CCEA) has recently approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October - September) at 305 per quintal.2. The FRP for last season was 290 per quintal with a basic recovery rate of 10%.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 sugarcane, consider the following statements:1. The Cabinet Committee on Economic Affairs (CCEA) has recently approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October - September) at 305 per quintal.2. The FRP for last season was 290 per quintal with a basic recovery rate of 10%.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?.
With reference to the sugarcane, consider the following statements:1. The Cabinet Committee on Economic Affairs (CCEA) has recently approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October - September) at 305 per quintal.2. The FRP for last season was 290 per quintal with a basic recovery rate of 10%.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 sugarcane, consider the following statements:1. The Cabinet Committee on Economic Affairs (CCEA) has recently approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October - September) at 305 per quintal.2. The FRP for last season was 290 per quintal with a basic recovery rate of 10%.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 sugarcane, consider the following statements:1. The Cabinet Committee on Economic Affairs (CCEA) has recently approved Fair and Remunerative Price (FRP) of sugarcane for sugar season 2022-23 (October - September) at 305 per quintal.2. The FRP for last season was 290 per quintal with a basic recovery rate of 10%.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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