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Consider the following statements:Statement-I:India effectively taxed its farmers to the tune of USD 120 billion in 2023, the highest amount among 54 countries assessed, primarily due to government policies such as export restrictions and duties.Statement-II:The Organisation for Economic Co-operation and Development (OECD) report highlighted that India's negative market price support in 2023, particularly on products like sugar, onions, and de-oiled rice bran, resulted in a significant loss of USD 110 billion for farmers, overshadowing positive support like Minimum Support Price (MSP) subsidies.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect 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:Statement-I:India effectively taxed its farmers to the tune of USD 120 billion in 2023, the highest amount among 54 countries assessed, primarily due to government policies such as export restrictions and duties.Statement-II:The Organisation for Economic Co-operation and Development (OECD) report highlighted that India's negative market price support in 2023, particularly on products like sugar, onions, and de-oiled rice bran, resulted in a significant loss of USD 110 billion for farmers, overshadowing positive support like Minimum Support Price (MSP) subsidies.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect 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:Statement-I:India effectively taxed its farmers to the tune of USD 120 billion in 2023, the highest amount among 54 countries assessed, primarily due to government policies such as export restrictions and duties.Statement-II:The Organisation for Economic Co-operation and Development (OECD) report highlighted that India's negative market price support in 2023, particularly on products like sugar, onions, and de-oiled rice bran, resulted in a significant loss of USD 110 billion for farmers, overshadowing positive support like Minimum Support Price (MSP) subsidies.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer?.

Solutions for Consider the following statements:Statement-I:India effectively taxed its farmers to the tune of USD 120 billion in 2023, the highest amount among 54 countries assessed, primarily due to government policies such as export restrictions and duties.Statement-II:The Organisation for Economic Co-operation and Development (OECD) report highlighted that India's negative market price support in 2023, particularly on products like sugar, onions, and de-oiled rice bran, resulted in a significant loss of USD 110 billion for farmers, overshadowing positive support like Minimum Support Price (MSP) subsidies.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for UPSC. Download more important topics, notes, lectures and mock test series for UPSC Exam by signing up for free.

Here you can find the meaning of Consider the following statements:Statement-I:India effectively taxed its farmers to the tune of USD 120 billion in 2023, the highest amount among 54 countries assessed, primarily due to government policies such as export restrictions and duties.Statement-II:The Organisation for Economic Co-operation and Development (OECD) report highlighted that India's negative market price support in 2023, particularly on products like sugar, onions, and de-oiled rice bran, resulted in a significant loss of USD 110 billion for farmers, overshadowing positive support like Minimum Support Price (MSP) subsidies.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Consider the following statements:Statement-I:India effectively taxed its farmers to the tune of USD 120 billion in 2023, the highest amount among 54 countries assessed, primarily due to government policies such as export restrictions and duties.Statement-II:The Organisation for Economic Co-operation and Development (OECD) report highlighted that India's negative market price support in 2023, particularly on products like sugar, onions, and de-oiled rice bran, resulted in a significant loss of USD 110 billion for farmers, overshadowing positive support like Minimum Support Price (MSP) subsidies.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Consider the following statements:Statement-I:India effectively taxed its farmers to the tune of USD 120 billion in 2023, the highest amount among 54 countries assessed, primarily due to government policies such as export restrictions and duties.Statement-II:The Organisation for Economic Co-operation and Development (OECD) report highlighted that India's negative market price support in 2023, particularly on products like sugar, onions, and de-oiled rice bran, resulted in a significant loss of USD 110 billion for farmers, overshadowing positive support like Minimum Support Price (MSP) subsidies.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Consider the following statements:Statement-I:India effectively taxed its farmers to the tune of USD 120 billion in 2023, the highest amount among 54 countries assessed, primarily due to government policies such as export restrictions and duties.Statement-II:The Organisation for Economic Co-operation and Development (OECD) report highlighted that India's negative market price support in 2023, particularly on products like sugar, onions, and de-oiled rice bran, resulted in a significant loss of USD 110 billion for farmers, overshadowing positive support like Minimum Support Price (MSP) subsidies.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Consider the following statements:Statement-I:India effectively taxed its farmers to the tune of USD 120 billion in 2023, the highest amount among 54 countries assessed, primarily due to government policies such as export restrictions and duties.Statement-II:The Organisation for Economic Co-operation and Development (OECD) report highlighted that India's negative market price support in 2023, particularly on products like sugar, onions, and de-oiled rice bran, resulted in a significant loss of USD 110 billion for farmers, overshadowing positive support like Minimum Support Price (MSP) subsidies.Which one of the following is correct in respect of the above statements?a)Both Statement-I and Statement-II are correct and Statement-II explains Statement-Ib)Both Statement-I and Statement-II are correct, but Statement-II does not explain Statement-Ic)Statement-I is correct, but Statement-II is incorrectd)Statement-I is incorrect, but Statement-II is correctCorrect answer is option 'A'. 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