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Which of the statements given below is/are correct? 1. For the marketing year 2014 - 2015, the minimum support price (MSP) for wheat in India has been fixed at Rs. 1,400 / quintal 2. MSP is the rate at which the government sells the grains through the fair price shops Select the correct answer using the code given below:

Which of the statements given below is/are correct? 1. For the marketing year 2014 - 2015, the minimum support price (MSP) for wheat in India has been fixed at Rs. 1,400 / quintal 2. MSP is the rate at which the government sells the grains through the fair price shops Select the correct answer using the code given below: Correct Answer 1 only

Related Questions

Regarding the new MSP of Paddy declared by the Government in July 2018, which of the following statements are correct? 1. MSP of Paddy (Common Grade) has been increased by Rs. 200/- per quintal and of Grade A variety by Rs. 160/- per quintal. 2. MSP of Paddy (Common Grade) has been increased by Rs. 160/- per quintal and of Grade A variety by Rs. 200/- per quintal. 3. The new MSP of Paddy (Common Grade) and Grade A variety is Rs. 1750/- per quintal. 4. The new MSP of Paddy (Common Grade) is Rs. 1750/- per quintal and of Grade A is Rs. 1770/- per quintal.
Consider the following statements with respect to Minimum Support Price (MSP): 1. MSP is computed on the basis of the recommendations made by the Commission for Agricultural Costs and Prices (CACP). 2. Currently tea is covered under the MSP. 3. MSP for food grains is always kept necessarily higher than the market price of the grains. Which of the statements given above is/are correct?
The following are the number of cases filed under Sec. 498A of Domestic Violence Act during the month of December, 2013, 2014 and 2015 at three cities, namely Pune, Hyderabad and Jaipur : Year Pune Hyderabad Jaipur 2013 40 50 30 2014 50 55 50 2015 50 60 80   Which of the following statements are true ? (i) Maximum increase occurred in Jaipur from 2014 to 2015. (ii) Minimum increase occurred in Hyderabad from 2013 to 2014. (iii) Average increase for the period together is lowest in the case of Hyderabad. (iv) Minimum increase has occurred in the case of Pune from 2014 to 2015.
The ratio of price of rice per kg in shops A, B and C is 10 ∶ 14 ∶ 19 and the ratio of the price of wheat per kg in shops A, B and C is 5 ∶ 8 ∶ 9 respectively. If the ratio of price of (3 kg rice + 2 kg wheat from shop A), (5 kg rice and 7 kg of wheat from shop B) and (5 kg rice from shop C and Rs. 135 worth other materials from shop B) is 2 ∶ 7 ∶ 6. What is the price of 25 kg of rice from shop A and 15 kg of wheat of shop B? (in rupees)
Which of the following statements are true/false?
1. In case an employee whose minimum rate of wages is fixed under this Act, works overtime, the employer need not pay the money for the extra hours devoted by the employee.
2. If an employee whose minimum rate of wages has been fixed under this Act, works for a less number of hours than the requisite number of hours on a given day, he shall be entitled to receive wages in respect ofwork done by him on that day as ifhe had worked for a full normal working day.
3. In case an employee is involved in two or more classes of work, he shall be paid on the basis of pieces involved.
4. If an employee is employed on piece work for which minimum time rate and not a minimum piece rate has been fixed under this Act, the employer shall pay to such employee wages at not less than the minimum time rate.
A wholesale wheat seller sells 0.8 grams of wheat instead of 1 gram at a rate of Rs. 15 per kg. A retail shopkeeper purchases 100 kg wheat from the wholesale wheat seller and sells it to a small shop keeper so that he earns a profit of Rs. 100. By the time it reaches the small shopkeeper 20% of the wheat became spoilt. In order to escape from loss, how much should 1 kg of wheat be sold at?
Which of the following statements are true/false?
1. A minimum rate of wages for the time spent by employees for the production of output is minimum time rate.
2. Minimum piece rate is the rate based on the quantity of the output employees have produced.
3. The guaranteed time rate is a minimum rate of remuneration to apply in the case of employees employed on piece work for the purpose of securing to such employees a minimum rate of wages on a time work basis.
4. A minimum rate of remuneration to apply in the case of employees employed on piece work for the purpose of securing to such employees a minimum rate of wages on a time work basis is overtime rate.
Consider the following statements with reference to the Minimum Support Prices. 1. The MSP of six Rabi crops including Wheat, Chana, Masoor, Mustard and Safflower has been hiked in the range of 50 to 300 rupees. 2. The MSP is fixed on the recommendations of the Commission for Agricultural Costs and Prices (CACP). Which of the following statements given above is/are correct?
Study of given bar graph and answer the question that follows. The given bar graph represents the Sales Turnover (in Rs. crore) of five automobile companies A, B, C, D and E during 2014-2015 and 2015-2016. The X-axis represents the Companies, and the Y-axis shows the Sales Turnover (in Rs. crore). (The data shown here is only for mathematical exercise. They do not represent the actual figure of the company.)  If there was an increase of 25% in the average of the sales turnover of all the companies together in 2014-2015 from that in 2013-2014, then what was the average (in Rs.crore, up two decimal places) of the sales turnover of all the companies together in 2013-2014?
Consider the following statements: 1. In the case of all cereals, pulses and oil-seeds, 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 level to which the market price will never rise. Which of the statements given above is/are correct?