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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

Correct answer

B. It fell from about Rs 3,600 to about Rs 3,300 per quintal

Explanation

The correct answer is that the price 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. Option A reverses the direction of the change and so is wrong; prices moderated rather than climbed. Option C is wrong because the release records a clear decline, not a flat trend. Option D is wrong because those figures belong to the retail market and are per kilogram comparisons between Assam and the national average, not quintal rates in the mandis. Along with the wholesale softening, 211 cities reported retail declines of Rs 1 to Rs 13 a kilogram over the previous two weeks, which shows the easing reaching consumers.

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

Q2.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
Show answer
Correct answer: A. Price Stabilization Fund

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.

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.