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Consider the following statements regarding the Nutrient Based Subsidy (NBS) Regime:
The subsidy on P&K fertilizers is announced by the Government bi-annually.
Fertilizers with secondary and micronutrients such as molybdenum (Mo) and zinc are not given subsidy under this regime.
It intends to increase the consumption of P&K fertilizers to achieve optimum balance of NPK fertilization where N:P:K is 4:1:2.
Which of the statements given above is/are correct?
- a)1 and 2 only
- b)2 only
- c)2 and 3 only
- d)None of the above
Correct answer is option 'D'. Can you explain this answer?
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Most Upvoted Answer
Consider the following statements regarding the Nutrient Based Subsid...
Hosphorus has been reduced under the NBS regime.
The NBS regime was introduced in India in 2010.
Under the NBS regime, farmers receive subsidies based on the nutrients they use rather than on the volume of fertilizer they use.
Which of the statements given above is/are correct?
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2, and 3
Answer: c) 1 and 3 only
Explanation:
Statement 1 is correct. The subsidy on phosphorus has been reduced under the Nutrient Based Subsidy (NBS) regime. The subsidy on nitrogen and potash has been increased to encourage balanced use of fertilizers.
Statement 2 is incorrect. The NBS regime was introduced in India in 2008, not in 2010. It was first implemented for the fertilizer year 2010-11.
Statement 3 is correct. Under the NBS regime, farmers receive subsidies based on the nutrients they use rather than on the volume of fertilizer they use. This is aimed at promoting balanced use of fertilizers and reducing the excessive use of certain nutrients.
The NBS regime was introduced in India in 2010.
Under the NBS regime, farmers receive subsidies based on the nutrients they use rather than on the volume of fertilizer they use.
Which of the statements given above is/are correct?
a) 1 and 2 only
b) 2 and 3 only
c) 1 and 3 only
d) 1, 2, and 3
Answer: c) 1 and 3 only
Explanation:
Statement 1 is correct. The subsidy on phosphorus has been reduced under the Nutrient Based Subsidy (NBS) regime. The subsidy on nitrogen and potash has been increased to encourage balanced use of fertilizers.
Statement 2 is incorrect. The NBS regime was introduced in India in 2008, not in 2010. It was first implemented for the fertilizer year 2010-11.
Statement 3 is correct. Under the NBS regime, farmers receive subsidies based on the nutrients they use rather than on the volume of fertilizer they use. This is aimed at promoting balanced use of fertilizers and reducing the excessive use of certain nutrients.
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Community Answer
Consider the following statements regarding the Nutrient Based Subsid...
- Nutrient Based Subsidy (NBS) Regime Under the NBS regime – fertilizers are provided to the farmers at subsidized rates based on the nutrients (N, P, K & S) contained in these fertilizers.
- Also, the fertilizers which are fortified with secondary and micronutrients such as
- molybdenum (Mo) and zinc are given additional subsidy. Hence, statement 2 is not
- correct.
- The subsidy on P&K fertilizers is announced by the Government on an annual basis for
- each nutrient on a per kg basis – which are determined taking into account the international and domestic prices of P&K fertilizers, exchange rate, inventory level in the country etc. Hence, statement 1 is not correct.
- NBS policy intends to increase the consumption of P&K fertilizers so that optimum balance
- (N:P:K = 4:2:1) of NPK fertilization is achieved. Hence, statement 3 is not correct.
- This would improve soil health and as a result the yield from the crops would increase, resulting in enhanced income to the farmers.
- Also, as the government expects rational use of fertilizers, this would also ease off the burden of fertilizer subsidy.
- It is being implemented since April 2010 by the Department of Fertilizers, Ministry of Chemicals & Fertilizers.
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Consider the following statements regarding the Nutrient Based Subsidy (NBS) Regime: The subsidy on P&K fertilizers is announced by the Government bi-annually. Fertilizers with secondary and micronutrients such as molybdenum (Mo) and zinc are not given subsidy under this regime. It intends to increase the consumption of P&K fertilizers to achieve optimum balance of NPK fertilization where N:P:K is 4:1:2. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 onlyc)2 and 3 onlyd)None of the aboveCorrect answer is option 'D'. Can you explain this answer?
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Consider the following statements regarding the Nutrient Based Subsidy (NBS) Regime: The subsidy on P&K fertilizers is announced by the Government bi-annually. Fertilizers with secondary and micronutrients such as molybdenum (Mo) and zinc are not given subsidy under this regime. It intends to increase the consumption of P&K fertilizers to achieve optimum balance of NPK fertilization where N:P:K is 4:1:2. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 onlyc)2 and 3 onlyd)None of the aboveCorrect answer is option 'D'. 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 the Nutrient Based Subsidy (NBS) Regime: The subsidy on P&K fertilizers is announced by the Government bi-annually. Fertilizers with secondary and micronutrients such as molybdenum (Mo) and zinc are not given subsidy under this regime. It intends to increase the consumption of P&K fertilizers to achieve optimum balance of NPK fertilization where N:P:K is 4:1:2. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 onlyc)2 and 3 onlyd)None of the aboveCorrect answer is option 'D'. 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 the Nutrient Based Subsidy (NBS) Regime: The subsidy on P&K fertilizers is announced by the Government bi-annually. Fertilizers with secondary and micronutrients such as molybdenum (Mo) and zinc are not given subsidy under this regime. It intends to increase the consumption of P&K fertilizers to achieve optimum balance of NPK fertilization where N:P:K is 4:1:2. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 onlyc)2 and 3 onlyd)None of the aboveCorrect answer is option 'D'. Can you explain this answer?.
Consider the following statements regarding the Nutrient Based Subsidy (NBS) Regime: The subsidy on P&K fertilizers is announced by the Government bi-annually. Fertilizers with secondary and micronutrients such as molybdenum (Mo) and zinc are not given subsidy under this regime. It intends to increase the consumption of P&K fertilizers to achieve optimum balance of NPK fertilization where N:P:K is 4:1:2. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 onlyc)2 and 3 onlyd)None of the aboveCorrect answer is option 'D'. 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 the Nutrient Based Subsidy (NBS) Regime: The subsidy on P&K fertilizers is announced by the Government bi-annually. Fertilizers with secondary and micronutrients such as molybdenum (Mo) and zinc are not given subsidy under this regime. It intends to increase the consumption of P&K fertilizers to achieve optimum balance of NPK fertilization where N:P:K is 4:1:2. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 onlyc)2 and 3 onlyd)None of the aboveCorrect answer is option 'D'. 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 the Nutrient Based Subsidy (NBS) Regime: The subsidy on P&K fertilizers is announced by the Government bi-annually. Fertilizers with secondary and micronutrients such as molybdenum (Mo) and zinc are not given subsidy under this regime. It intends to increase the consumption of P&K fertilizers to achieve optimum balance of NPK fertilization where N:P:K is 4:1:2. Which of the statements given above is/are correct?a)1 and 2 onlyb)2 onlyc)2 and 3 onlyd)None of the aboveCorrect answer is option 'D'. Can you explain this answer?.
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