Prelims Power Play 15 February 2024

1. Consider the following statements:

Statement-I: MSP is the minimum rate at which the government procurement agencies purchase agricultural commodities from farmers.

Statement-II: Farmers have the legal right to sell their crops at the minimum price guaranteed by the government

Which one of the following is correct in respect of the above statements?

2. Vibrant Villages Programme recently in news envisages comprehensive development of?

3. Consider the following statements regarding North Atlantic Treaty Organization’s (NATO):

1. NATO was established by the Washington Treaty.
2. All the NATO decisions are taken by the majority view of the members.
3. NATO is based on the principle of collective security.

How many of the above combinations is /are correct? Select the correct answers from below code.

4. Consider the following statements:

1. In the case of all cereals, pulses and oilseeds, the procurement at Minimum Support Price (MSP) is unlimited in any State/UT of India.
2. In the case of cereals and pulses, the MSP is fixed in any State/UT at a level to which the market price will never rise.

Which of the above statement/s is/are correct? Select the correct answer using the code given below:

5. MSP stands for Minimum Support Price, how many of the following is considered by CACP before announcing the MSP of rice in India:

1. Cost of production
2. Market price trends
3. Inter-crop price parity
4. Inflation

Choose the correct option from below-