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EconomyMedium

Buffer onions moved by the Kanda Express are released from which fund?

  1. A.Price Stabilization Fund
  2. B.Market Intervention Scheme Fund
  3. C.Agriculture Infrastructure Fund
  4. D.National Food Security Fund

Correct answer

A. Price Stabilization Fund

Explanation

The correct answer is the Price Stabilization Fund (PSF). The onions carried by the Kanda Express come out of the onion buffer built under this fund, and the Department of Consumer Affairs releases that stock in a calibrated way when market prices rise or supplies tighten. The release makes clear that further disposal from the PSF buffer will depend on prevailing market conditions, price trends and availability needs. The other three options are wrong because none of them is named as the source of this stock. A candidate who remembers that the Department of Consumer Affairs, and not the agriculture ministry, runs this buffer will find the right option, since the fund exists to protect the consumer from sudden price spikes in items such as onions and pulses rather than to build infrastructure or to run food security entitlements.

Read the full article: First Kanda Express Takes 440 MT Onions to Agartala

Q3.EconomyMedium

What happened to the all-India average onion mandi price between September and October, as reported by the Department of Consumer Affairs?

  1. A.It rose from about Rs 3,300 to about Rs 3,600 per quintal
  2. B.It fell from about Rs 3,600 to about Rs 3,300 per quintal
  3. C.It stayed unchanged at about Rs 3,600 per quintal
  4. D.It fell from about Rs 5,400 to about Rs 5,300 per quintal
Show answer
Correct answer: B. It fell from about Rs 3,600 to about Rs 3,300 per quintal

Fresh kharif arrivals gathered pace and wholesale rates eased, bringing the all-India average mandi price down from its September peak to the October level.

Q4.EconomyEasy

APEDA functions under which Union ministry?

  1. A.Ministry of Agriculture and Farmers Welfare
  2. B.Ministry of Commerce and Industry
  3. C.Ministry of Food Processing Industries
  4. D.Ministry of Micro, Small and Medium Enterprises
Show answer
Correct answer: B. Ministry of Commerce and Industry

The Agricultural and Processed Food Products Export Development Authority is an export promotion body, and it is placed under the commerce ministry rather than under the ministry that handles farming itself.