Consider the following statements regarding Market Intervention Scheme (MIS). Government implements the Market Intervention Scheme (MIS) for procurement of agricultural commodities which are perishable in nature. The Scheme is implemented when there is at least 10% increase in production or 10% decrease in the ruling rates over the previous normal year. The scheme is implemented at the request of a State/UT government which is ready to bear loss if any, incurred on its implementation.Which of the above statements is/are correct?a)1, 3b)2, 3c)1, 2d)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?

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Consider the following statements regarding Market Intervention Scheme (MIS).

Government implements the Market Intervention Scheme (MIS) for procurement of agricultural commodities which are perishable in nature.
The Scheme is implemented when there is at least 10% increase in production or 10% decrease in the ruling rates over the previous normal year.
The scheme is implemented at the request of a State/UT government which is ready to bear loss if any, incurred on its implementation.

Which of the above statements is/are correct?

a)
1, 3
b)
2, 3
c)
1, 2
d)
1, 2 and 3

Correct answer is option 'D'. Can you explain this answer?

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Consider the following statements regarding Market Intervention Scheme...

Government implements the Market Intervention Scheme (MIS) for procurement of agricultural and horticultural commodities which are perishable in nature and are not covered under the Price Support Scheme (PSS).
The objective of intervention is to protect the growers of these commodities from making distress sale in the event of a bumper crop during the peak arrival period when the prices tend to fall below economic levels and cost of production. The condition is that there should be either at least a 10 percent increase in production or a 10 percent decrease in the ruling market prices over the previous normal year.
The scheme is implemented at the request of a State/UT government which is ready to bear 50 percent of the loss (25 percent in case of North-Eastern States), if any, incurred on its implementation.

Answered by Notes Wala · View profile

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Consider the following statements regarding Market Intervention Scheme (MIS). Government implements the Market Intervention Scheme (MIS) for procurement of agricultural commodities which are perishable in nature. The Scheme is implemented when there is at least 10% increase in production or 10% decrease in the ruling rates over the previous normal year. The scheme is implemented at the request of a State/UT government which is ready to bear loss if any, incurred on its implementation.Which of the above statements is/are correct?a)1, 3b)2, 3c)1, 2d)1, 2 and 3Correct answer is option 'D'. Can you explain this answer?

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