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Which of the statements given above is/are correct?
Anonymous Quiz
5%
1 only
32%
2 only
26%
Both 1 and 2
37%
Neither 1 or 2
Explanation
The correct answer is Neither 1 or 2.

Key Points
• Even if our buffer supply is restricted, procurement is not limitless. Therefore, assertion 1 is untrue.

• Statement 2 is untrue since the market price has no relationship to minimum support prices and can fluctuate above or below MSP depending on the market's demand for a crop.

• The main goals of establishing MSP are:
○ Aid farmers through distress sales
○ To get food supplies for public use

• The price at which purchased and buffer stock food grains are made available through the PDS is known as the "issue price."

• The following 23 crops currently have MSPs fixed by the Center:
○ Paddy, wheat, maize, bajra, jowar, ragi, and barley are the seven cereals.
○ Chana, arhar/tur, urad, moong, and masur are the 5 pulses.
○ 7 oilseeds, including groundnut, sunflower, safflower, sesame, nigerseed, and soy bean.
○ Cotton, sugarcane, copra, and raw jute are the four main commercial crops.
QUESTION

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(Q.) Consider the following statements:

1. In terms of short-term credit delivery to the agriculture sector, District Central Cooperative Banks (DCCBs) deliver more credit in comparison to Scheduled Commercial Banks and Regional Rural Banks

2. One of the most important functions of DCCBs is to provide funds to the Primary Agricultural Credit Societies.
Which of the statements given above is/are correct?
Anonymous Quiz
13%
1 only
46%
2 only
42%
Both 1 and 2
0%
Neither 1 or 2
Explanation
The correct answer is only 2.

Key Points
• In terms of agriculture and related loans, Schedules Bank accounts for around 70–80% of the total. Statement 1 is untrue, despite the fact that cooperative institutions also contribute significantly to financing the farm sector, which accounts for 15–16% of total financing, and hence less than Scheduled banks.

• Either a three-tier or two-tier structure works well for the cooperative banking industry.
○ StCB, DCCB, and PACS are part of the three-tier framework.
○ Only StCB and PACS are present in the two-tier system.

About DCCBs
• Aside from the CEO of the DCCB, who would serve as the member secretary, the Board of the DCCB consists of elected PACS Chairmen, representatives of the State Government, and the State Cooperative Bank.

• DCCBs give money to farmers or PACs directly for things like digging wells, buying pump sets for horticulture, caring for animals, and even rural transportation like tractors and other farm equipment. As a result, assertion two is true.
Which of the following brings out the 'Consumer Price Index Number for Industrial Workers'?
Anonymous Quiz
20%
The Reserve Bank of India
15%
The Department of Economic Affairs
58%
The Labour Bureau
7%
The Department of Personnel and Training
Explanation
The Correct answer is The Labour Bureau.

Key Points
• The Consumer Price Index Numbers for Industrial Workers is a way to track how the prices of a basket of goods and services used by a certain group of people change over time (I.e. Industrial Workers).

• This Index is made for industrial workers who live in 70 areas of the country that are important for industry.

• The indices are calculated and released every month based on the weights from the Working Class Family Income and Expenditure Survey and the current prices of selected items collected from 226 markets in 70 centres.

• The All-India index, which is a weighted average, is based on these centre indices.

The Labour Bureau:
• The Labor Bureau also puts together and releases indices that meet the needs of the people who use them in each state.

• The publication also has other related information, such as the inflation rate, Linking Factors, Centre-wise Group/Sub-Group weights, and All-India item weights for both the Old series and the New series.

• Their main offices are in Chandigarh and Shimla

• It is in charge of collecting, putting together, and publishing data about employment and unemployment, wages, earnings, industrial relations, working conditions, and other things related to work.

• Doing studies and surveys on SC/ST workers, women workers, contract workers, and occupational wage surveys in manufacturing industries, mines, plantations, and service sectors.
Recently, India’s first ‘National Investment and Manufacturing Zone’ was proposed to be set up in
Anonymous Quiz
35%
Andhra Pradesh
47%
Gujarat
11%
Maharashtra
8%
Uttar Pradesh
Explanation
The correct answer is Andhra Pradesh.

Key Points
• Andhra Pradesh will house India's first national manufacturing and investment zone (NIMZ).

• Mega industrial zones or integrated townships with top-notch auxiliary infrastructure are known as NIMZs.

• The state and the federal governments are stakeholders in the NIMZ, together with a special purpose entity, a developer, and others.

• To promote these zones, the government offers a range of services, including incentives like exemption from capital gains tax and loosened regulations.
QUESTION

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(Q.) With reference to pre-packaged items in India, it is mandatory to the manufacturer to put which of the following information on the main label, as per the Food Safety and Standards (Packaging and Labelling) Regulations, 2011?

1. List of ingredients including additives

2. Nutrition information

3. Recommendations, if any, made by the medical profession about the possibility of any allergic reactions

4. Vegetarian/non-vegetarian
Select the correct answer using the code given below.
Anonymous Quiz
16%
1, 2 and 3
18%
2, 3 and 4
55%
1, 2 and 4
12%
1 and 4 only
Explanation
The correct answer is 1, 2 and 4.

Key Points
• The label of every food container must have the following information:
○ The Name of Food
○ List of Ingredients including additives (Hence the statement 1 is correct)
○ Nutritional information (Hence the statement 2 is correct)
○ Declaration regarding Veg or Non-veg (Hence the statement 4 is correct)
○ Declaration regarding Food Additives
○ Name and complete address of the manufacturer
○ Net quantity
○ Date of manufacture or packing
○ Lot/Code/Batch identification
○ Best Before and Use by Date
○ Country of origin for imported food
○ Instructions for use

• Medical professionals are not required to provide information concerning allergic reactions on food packaging. (Therefore, assertion three is false.)
UPSC LAW OPTIONAL (2022) PAPER-I.pdf
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