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Indian EconomyMediumAsked in: CDS · CDS-II 2021, GK

Which of the following States/Union Territory/Region are in special focus in the National Mission on Edible Oils - Oil Palm ?

  1. A.Himachal Pradesh and Andaman and Nicobar Islands
  2. B.North-East Region and Andaman and Nicobar Islands
  3. C.North-East Region and Gujarat
  4. D.Uttar Pradesh and Gujarat

Correct answer

B. North-East Region and Andaman and Nicobar Islands

Explanation

The correct answer is B, North-East Region and Andaman and Nicobar Islands. The National Mission on Edible Oils - Oil Palm (NMEO-OP), approved in August 2021, gives special focus to these two areas because their high rainfall and humid climate suit oil palm.

India imports a large share of its edible oil, much of it palm oil. The mission aims to cut this dependence by expanding the area under oil palm and raising domestic crude palm oil output. Its key feature is price assurance: farmers are protected through a viability price for fresh fruit bunches, and they receive help for planting material and maintenance. The North-East and the islands were singled out because they have large tracts of suitable land with assured moisture.

Option A is wrong because Himachal Pradesh, a hilly state with cold winters, is not suitable for oil palm. Option C is wrong because Gujarat, largely semi-arid, is not a special-focus area. Option D is wrong because neither Uttar Pradesh nor Gujarat was given special focus.

Exam tip: NMEO-OP (2021) = oil palm, special focus on the North-East and Andaman and Nicobar Islands, viability price for farmers.

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Q2.Indian EconomyAsked in: CDS · CDS-I 2018, GKHard

Consider the following statements about impact of tax : 1. A tax is shifted forward to consumers if the demand is inelastic relative to supply. 2. A tax is shifted backward to producers if the supply is relatively more inelastic than demand. Which of the statements given above is/are correct?

  1. A.1 only
  2. B.2 only
  3. C.Both 1 and 2
  4. D.Neither 1 nor 2
Show answer
Correct answer: C. Both 1 and 2

The burden of a tax falls more heavily on whichever side of the market is less elastic, the side that cannot easily walk away.

Q5.Indian EconomyAsked in: CDS · CDS-II 2017, GKHard

Why was constitutional amendment needed for introducing GST?

  1. A.States were not willing to agree with the Union for introduction of GST without amendment in the Constitution.
  2. B.GST was to be implemented on concurrent base and Article 246 was inadequate for such a case.
  3. C.The Empowered Committee of Finance Ministers had recommended for constitutional amendment.
  4. D.The GST Council had recommended for constitutional amendment so that its power enhances.
Show answer
Correct answer: B. GST was to be implemented on concurrent base and Article 246 was inadequate for such a case.

GST is levied by the Union and the States together on the same supply, and Article 246, which splits taxing powers between them through separate lists, did not allow such a concurrent tax.