26: Which of the following are the objectives of the Commission for Agricultural Costs and Prices (CACP) ?
I. To stabilise agricultural prices.
II. To ensure meaningful real income levels to the farmers.
III. To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates through public distribution
system.
IV. To ensure maximum price for the farmer.
Select the correct answer from the codes given below :
Codes:
(a) I, II and III
(b) I, II and IV
(c) I, III and IV
(d) II, III and IV
Explanation:
Commission for Agricultural costs and prices (CACP) formerly known as Agricultural prices commission analyses the input costs and recommends the minimum support prices, thereby ensuring a meaningful real income levels to the farmers. It helps in maintaining the general price level and protect the non-producing consumer from violent fluctuations in the price of food grains and also stabilization of agricultural prices.
29: Recently, the USA decided to support India's membership in multi-lateral export control regimes called the "Australia Group" and the "Wassenaar Arrangement". What is the difference between them?
1. The Australia Group is an informal arrangement which aims to allow exporting countries to minimize the risk of assisting chemical and biological weapons proliferation, whereas the Wassenaar Arrangement is a formal group under the OECD holding identical objectives.
2. The Australia Group comprises predominantly of Asian, African and North American countries, whereas the member countries of Wassenaar'Arrangement are predominantly,from the European Union and American continents.
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
Explanation:
The Australia Group (AG) is an informal forum of countries which, through the harmonisation of export controls, seeks to ensure that exports do not contribute to the development of chemical or biological weapons. The Australasia Group consists of all UNEP FI members based in the Australasian region. There is no member from Africa.
The Wassenaar Arrangement has been established in order to contribute to regional and international security and stability, by promoting transparency and greater responsibility in transfers of conventional arms and dual-use goods and technologies.
The Participating States of the Wassenaar Arrangement are : Argentina, Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourng, Malta, Netherlands, New Zealand, Norway, Poland, Portugal, Republic of Korea, Romania, Russian Federation, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Turkey, Ukraine, United Kingdom and USA.
30: Which of the following has/have occurred in India after its liberalization of economic policies in 1991?
1. Share of agriculture in GDP increased enormously.
2. Share of Indias exports in world trade increased.
3. FDI inflows increased.
4. Indias foreign exchange reserves increased enormously.
Select the correct answer using the codes given below :
(a) 1 and 4 only
(b) 2, 3 and 4 only
(c) 2 and 3 only
(d) 1, 2, 3 and 4