Minimum Support Price is announced by the government to provide : (a) incentives to farmers for raising production (b) incentives to traders to earn maximum profit from farmers (c) incentives to moneylenders to lend maximum to farmers (d) none of the above

Minimum Support Price is announced by the government to
provide :
(a) incentives to farmers for raising production
(b) incentives to traders to earn maximum profit from farmers
(c) incentives to moneylenders to lend maximum to
farmers
(d) none of the above
by

1 Answer

Answer :

(a) incentives to farmers for raising production
by

Related questions

Farmers are paid a pre-announced price by the government for their crops. It is called: a. Issue price b. Invested price c. Market price d. Minimum support price.

Description : Farmers are paid a pre-announced price by the government for their crops. It is called: a. Issue price b. Invested price c. Market price d. Minimum support price.

Last Answer : d. Minimum support price.

By increasing the 'Bank Rate', the RBI can: a) provide incentives to commercial banks to lend more to public b) provide incentives to commercial banks to lend less to public c) increase the money supply in the market d) none of the above

Description : By increasing the 'Bank Rate', the RBI can: a) provide incentives to commercial banks to lend more to public b) provide incentives to commercial banks to lend less to public c) increase the money supply in the market d) none of the above

Last Answer : b) provide incentives to commercial banks to lend less to public Bank rate is the rate at which commercial banks can borrow money from the RBI. If the rate is higher, then taking money from RBI becomes difficult, so the banks will lend less to public. And vice-versa.

How did traders and moneylenders exploit the tribal people? -History

Description : How did traders and moneylenders exploit the tribal people? -History

Last Answer : Tribal groups often needed to buy and sell in order to be able to get the goods that were not produced within the locality. This led to their dependence on traders and moneylenders. Traders came around with things for sale. They sold the goods at high prices.

The price that is announced before the sowing season is called: (a) Issue price (b) Fair price (c) Market price (d) Minimum support price

Description : The price that is announced before the sowing season is called: (a) Issue price (b) Fair price (c) Market price (d) Minimum support price

Last Answer : (d) Minimum support price

In a pure market economy, which of the following is a function of the price? I. provide information to sellers and buyers , II. provide incentives to sellers and buyers a. I only b. II only c. both I and II d. neither I nor II

Description : In a pure market economy, which of the following is a function of the price? I. provide information to sellers and buyers , II. provide incentives to sellers and buyers a. I only b. II only c. both I and II d. neither I nor II

Last Answer : c. both I and II

The effective rate of protection (a). distinguishes between tariffs that are effective and those that are ineffective (b). is the minimum level at which a tariff becomes effective in limiting imports (c). shows how effective a tariff is in raising revenue for the government (d). shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms

Description : The effective rate of protection (a). distinguishes between tariffs that are effective and those that are ineffective (b). is the minimum level at which a tariff becomes effective in ... in value added for domestic production that a particular tariff structure makes possible, in percentage terms

Last Answer : d). shows the increase in value added for domestic production that a particular tariff structure makes possible, in percentage terms

The scheme to provide the remunerative prices to the farmers in case of glut in production and fall in prices is known as? a. MIS (Market Intervention Scheme) b. PSS (Price support scheme ) c. ISSTd. Both a and b e. Both a and c

Description : The scheme to provide the remunerative prices to the farmers in case of glut in production and fall in prices is known as? a. MIS (Market Intervention Scheme) b. PSS (Price support scheme ) c. ISSTd. Both a and b e. Both a and c

Last Answer : d. Both a and b

Pradhan Mantri Fasal Bima Yojana (PMFBY) was designed by central government to provide a. To rise food price b. To reduce the impact of food price c. Provide loan to farmers d. Price Stabilization

Description : Pradhan Mantri Fasal Bima Yojana (PMFBY) was designed by central government to provide a. To rise food price b. To reduce the impact of food price c. Provide loan to farmers d. Price Stabilization

Last Answer : a. To rise food price b. To reduce the impact of food price c. Provide loan to farmers d. Price Stabilization

Export incentives taxable under this head includes a) Cash Compensatory Support b) Duty Drawback c) Profit on transfer of DPEB d) All of the above

Description : Export incentives taxable under this head includes a) Cash Compensatory Support b) Duty Drawback c) Profit on transfer of DPEB d) All of the above

Last Answer : d) All of the above

Which among the following does not come under the organizational objectives of the bank in India ? 1. To Earn Profit 2. To play a developmental role in Rural India 3. To Provide employment to maximum people 4. To Improve Customer Relationships 5. All of above are organizational objectives of the bank in India

Description : Which among the following does not come under the organizational objectives of the bank in India ? 1. To Earn Profit 2. To play a developmental role in Rural India 3. To Provide employment ... . To Improve Customer Relationships 5. All of above are organizational objectives of the bank in India

Last Answer : To Provide employment to maximum people

Regulated markets aim at the development of the marketing structure to - (1) widen the price spread between the producer and the consumer (2) narrow down the price spread between the producer and the consumer (3) increase the non-functional margins of the traders (4) maximize the non-functional margins of the commission agents

Description : Regulated markets aim at the development of the marketing structure to - (1) widen the price spread between the producer and the consumer (2) narrow down the price spread between the producer ... non-functional margins of the traders (4) maximize the non-functional margins of the commission agents

Last Answer : (2) narrow down the price spread between the producer and the consumer Explanation: Regulated markets aim at the development of marketing structures to ensure remunerative prices to the producers and to ... the consumer. It also aims at reducing the non-functional margins of the commission agents.

Regulated markets aim at the development of the marketing structure to (1) widen the price spread between the producer and the consumer (2) narrow down the price spread between the producer and the consumer (3) increase the non-functional margins of the traders (4) maximise the non-functional margins of the commission agents

Description : Regulated markets aim at the development of the marketing structure to (1) widen the price spread between the producer and the consumer (2) narrow down the price spread between the producer and ... non-functional margins of the traders (4) maximise the non-functional margins of the commission agents

Last Answer :  narrow down the price spread between the producer and the consumer

The price at which the government offers to sell foodgrains lower than the market price is known as? a. Procurement price b. Minimum support price c. Issue price d. Market price.

Description : The price at which the government offers to sell foodgrains lower than the market price is known as? a. Procurement price b. Minimum support price c. Issue price d. Market price.

Last Answer : c. Issue price

The minimum guaranteed price at which the government offers to purchase any quantity is known as; a. Procurement price b. Minimum Support Price c. Issue Price d. Market Price.

Description : The minimum guaranteed price at which the government offers to purchase any quantity is known as; a. Procurement price b. Minimum Support Price c. Issue Price d. Market Price.

Last Answer : b. Minimum Support Price

In India, about 80 per cent of farmers are small farmers, who need credit for cultivation. a. Why might banks be unwilling to lend to small farmers? -Economics 10th

Description : In India, about 80 per cent of farmers are small farmers, who need credit for cultivation. a. Why might banks be unwilling to lend to small farmers? -Economics 10th

Last Answer : Banks might be unwilling to lend money to small farmers because there are high risks. If the harvest gets ruined, there is a possibility that they might not be able to receive the instalments on ... for getting a loan from the bank, which might not be available with the small scale farmers.

MSP is stand for: (a) Minimum Support Price (b) Maximum Support Price (c) Marginal Support Price (d) None of these

Description : MSP is stand for: (a) Minimum Support Price (b) Maximum Support Price (c) Marginal Support Price (d) None of these

Last Answer : (a) Minimum Support Price

What is the full form of the MSP? a. Minimum Stock Price b. Minimum Statutory Price c. Maximum Stipulated Price d. Minimum Support Price

Description : What is the full form of the MSP? a. Minimum Stock Price b. Minimum Statutory Price c. Maximum Stipulated Price d. Minimum Support Price

Last Answer : d. Minimum Support Price

A shopkeeper announced 35% discount on an item. A customer bought the item from the shop for Rs. 21000 after getting discount. That person sells the item to another person in such a way that he earned a profit of 32% on the original price. What is the selling price for the another person?

Description : A shopkeeper announced 35% discount on an item. A customer bought the item from the shop for Rs. 21000 after getting discount. That person sells the item to another person in such a way that he earned a profit of 32% on the original price. What is the selling price for the another person?

Last Answer : Let original price=x X*65/100=21000 X=21000*100/65=32307.6Rs. SP=32307.6*132/100=Rs.42646.15

What does the term free-market denote in terms of economy? a) Minimal government intervention in trade and minimum regulations b) Maximum government intervention in trade and maximum regulations c) Means of production owned by the state d) None of the above

Description : What does the term free-market denote in terms of economy? a) Minimal government intervention in trade and minimum regulations b) Maximum government intervention in trade and maximum regulations c) Means of production owned by the state d) None of the above

Last Answer : : a) Minimal government intervention in trade and minimum regulations

The ____________ also mentions trade by exchange, negotiations, and traders travelling far and wide to earn profits. 

Description : The ____________ also mentions trade by exchange, negotiations, and traders travelling far and wide to earn profits. 

Last Answer : Choose the correct reason and complete the sentence: The ____________ also mentions trade by exchange, ... Samaveda (c) Yajurveda (d) Rigveda

A relief package of Rs _______ was announced by Prime Minister of Pakistan for small farmers in 2015-16. A. 330 billion B. 300 billion C. 270 billion D. 341 billion

Description : A relief package of Rs _______ was announced by Prime Minister of Pakistan for small farmers in 2015-16. A. 330 billion B. 300 billion C. 270 billion D. 341 billion

Last Answer : ANSWER: D

Raising of crop with least tillage operation is called a. Zero tillage b. Minimum tillage c. Heavy tillage d. No tillage

Description : Raising of crop with least tillage operation is called a. Zero tillage b. Minimum tillage c. Heavy tillage d. No tillage

Last Answer : b. Minimum tillage

Which one of the following is announced by the government in support of a crop?

Description : Which one of the following is announced by the government in support of a crop?

Last Answer : Minimum support price

'Capital gains' refers to goods which - (1) serve as a source of raising further capital (2) help in the further production of goods (3) directly go into the satisfaction of human wants (4) find multiple uses

Description : 'Capital gains' refers to goods which - (1) serve as a source of raising further capital (2) help in the further production of goods (3) directly go into the satisfaction of human wants (4) find multiple uses

Last Answer : (2) help in the further production of goods Explanation: Capital goods are goods that are used in producing other goods, rather than being bought by consumers. They are tangible assets such as ... uses to produce goods or services in order to produce consumer goods and goods for other businesses.

‘Capital gains’ refers to goods which (1) serve as a source of raising further capital (2) help in the further production of goods (3) directly go into the satisfaction of human wants (4) find multiple uses

Description : ‘Capital gains’ refers to goods which (1) serve as a source of raising further capital (2) help in the further production of goods (3) directly go into the satisfaction of human wants (4) find multiple uses

Last Answer : help in the further production of goods

Equilibrium price means - (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximize profit

Description : Equilibrium price means - (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximize profit

Last Answer : (1) Price determined by demand and supply Explanation: Equilibrium price is a state in economy where the supply of goods matches demand. When a major index experiences a period of consolidation or sideways ... short, it is the market price at which the supply of an item equals the quantity demanded.

Under hill cost pricing, price is determined - (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revem (3) by adding normal profit to the marginal cost (4) by the total al cost of production

Description : Under hill cost pricing, price is determined - (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revem (3) by adding normal profit to the marginal cost (4) by the total al cost of production

Last Answer : (1) by adding a margin to the average cost Explanation: Full cost pricing is a practice where the price of a product is calculated by a firm on the basis of its direct costs per unit of output ... is known as 'full-cost' pricing. The price is equal to 'full' cost, including an acceptable profit.

Under full cost pricing, price is determined (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revenue (3) by adding normal profit to the marginal cost (4) by the total cost of production

Description : Under full cost pricing, price is determined (1) by adding a margin to the average cost (2) by comparing marginal cost and marginal revenue (3) by adding normal profit to the marginal cost (4) by the total cost of production 

Last Answer :  by adding a margin to the average cost

Equilibrium price means (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximise profit

Description : Equilibrium price means (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximise profit

Last Answer :  Price determined by demand and supply

At "Break-even point", (1) the industry is in equilibrium in the long run. (2) the producers suffers the minimum losses (3) the seller earns maximum profit (4) the firm is at zero-profit point

Description : At "Break-even point", (1) the industry is in equilibrium in the long run. (2) the producers suffers the minimum losses (3) the seller earns maximum profit (4) the firm is at zero-profit point

Last Answer : (4) the firm is at zero-profit point Explanation: The break-even point (BEP) is the point at which cost or expenses and revenue are equal: there is no net loss or gain, and one has "broken even." For businesses, reaching the break-even point is the first major step towards profitability.

A monopolist is able to maximise his profit when (a) his output is maximum (b) he charges higher prices (c) his average cost is minimum (d) his marginal cost is equal to marginal revenue

Description : A monopolist is able to maximise his profit when (a) his output is maximum (b) he charges higher prices (c) his average cost is minimum (d) his marginal cost is equal to marginal revenue

Last Answer : (d) his marginal cost is equal to marginal revenue

At “Break-even point”, (1) the industry is in equilibrium in the long-run. (2) the producers suffers the minimum losses (3) the seller earns maximum profit (4) the firm is at zero-profit point

Description : At “Break-even point”, (1) the industry is in equilibrium in the long-run. (2) the producers suffers the minimum losses (3) the seller earns maximum profit (4) the firm is at zero-profit point 

Last Answer : the firm is at zero-profit point

Given competitive conditions, a firm in the long run earn (a) Quasi-rent (b) Pure-rent (c) Normal profit (d) Economic profit

Description : Given competitive conditions, a firm in the long run earn (a) Quasi-rent (b) Pure-rent (c) Normal profit (d) Economic profit

Last Answer : (c) Normal profit

If banks were only allowed to lend out money they actually had in their possession, (thus destroying credit's power).... would homes in the USA inevitably be sold for $50,000 instead of $200,000?

Description : If banks were only allowed to lend out money they actually had in their possession, (thus destroying credit's power).... would homes in the USA inevitably be sold for $50,000 instead of $200,000?

Last Answer : answer:Well, yeah, but let's think about it. What makes prices go down? A lack of demand. One reason for a lack of demand is because no one can afford anything. As you point out, if no one ... ask yourself: What happens to supply? What happens to demand? That's all I did to answer the question.

Do banks make serial bad loans so that they will have more money to lend?

Description : Do banks make serial bad loans so that they will have more money to lend?

Last Answer : Huh? A bad loan gives them less money to lend, not more. They make bad loans because of mismanagement.

What is 'Bank rate'? a) The rate at which commercial banks borrow money from RBI b) The rate at which commercial banks lend money to customers c) The rate at which commercial banks lend money to RBI d) none of the above

Description : What is 'Bank rate'? a) The rate at which commercial banks borrow money from RBI b) The rate at which commercial banks lend money to customers c) The rate at which commercial banks lend money to RBI d) none of the above

Last Answer : a) The rate at which commercial banks borrow money from RBI Bank rate is the rate at which commercial banks can borrow money from the RBI. If the rate is higher, then taking money from RBI becomes difficult, so the banks will lend less to public. And vice-versa.

What is the Cash Reserve Ratio (CRR)? a) the fraction of the deposits that commercial banks lend to the customers b) the fraction of the deposits that RBI must keep with commercial banks c) the fraction of the deposits that commercial banks must keep with RBI d) none of the above

Description : What is the Cash Reserve Ratio (CRR)? a) the fraction of the deposits that commercial banks lend to the customers b) the fraction of the deposits that RBI must keep with commercial banks c) the fraction of the deposits that commercial banks must keep with RBI d) none of the above

Last Answer : c) the fraction of the deposits that commercial banks must keep with RBI

What is the reserve deposit ration (rdr)? a) the proportion of money RBI lends to commercial banks b) the proportion of total deposits commercial banks keep as reserves c) the total proportion of money that commercial banks lend to the customers d) none of the above

Description : What is the reserve deposit ration (rdr)? a) the proportion of money RBI lends to commercial banks b) the proportion of total deposits commercial banks keep as reserves c) the total proportion of money that commercial banks lend to the customers d) none of the above

Last Answer : b) the proportion of total deposits commercial banks keep as reserves

What type of products, does CACP recommend minimum support price for? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above

Description : What type of products, does CACP recommend minimum support price for? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above

Last Answer : (2) Agricultural products Explanation: The Agricultural Prices Commission was set up in January. 1965 to advise the Government on price policy of major agricultural commodities. Since March 1985, the ... are fixed by the government. each year, after taking into account the recommendations of CACP.

Who determines the minimum support price in India? a) The Commission for Agricultural Costs and Prices b) The Agriculture Ministryc) The Finance Commissiond) NABARD

Description : Who determines the minimum support price in India? a) The Commission for Agricultural Costs and Prices b) The Agriculture Ministry c) The Finance Commission d) NABARD

Last Answer : a) The Commission for Agricultural Costs and Prices

MSP with respect to Agriculture refers to: a. Minimum Support Price b. Minimum Selling Price c. Moderate Selling Price d. Moderate Sold Price

Description : MSP with respect to Agriculture refers to: a. Minimum Support Price b. Minimum Selling Price c. Moderate Selling Price d. Moderate Sold Price

Last Answer : a. Minimum Support Price

What type of products, does CACP recommend minimum support price for ? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above

Description : What type of products, does CACP recommend minimum support price for ? (1) Industrial products (2) Agricultural products (3) Pharmaceutical products (4) None of the above

Last Answer : Agricultural products 

Should a business provide incentives?

Description : Should a business provide incentives?

Last Answer : Incentive is some form of motivation like payments given to the workers to improve output. Yes, I think it's good especially if the business is in a place with stiff competition. Employees will ... motivations apart from a few. If all business could adapt this, then most businesses will succeed.

Alfie Kohn suggests that for people to be motivated it is only necessary to provide the right : (a) Incentives ; (b) Rewards ; (c) Environment ; (d) Compensation

Description : Alfie Kohn suggests that for people to be motivated it is only necessary to provide the right : (a) Incentives ; (b) Rewards ; (c) Environment ; (d) Compensation 

Last Answer : ; (c) Environment ; 

As a part of WTO guidelines, Agreement on Agriculture (AOA) doesn’t consider A. Direct payments to farmers are permitted. B. Indirect assistance and support to farmers including R & D support by govt. are not permitted. C. Domestic policies which directly effect on production and trade have to be cut back. D. Least developed countries do not need to make any cuts.

Description : As a part of WTO guidelines, Agreement on Agriculture (AOA) doesn't consider A. Direct payments to farmers are permitted. B. Indirect assistance and support to farmers including R & D support by govt. are ... and trade have to be cut back. D. Least developed countries do not need to make any cuts.

Last Answer : Indirect assistance and support to farmers including R & D support by govt. are not permitted.

Preethi owns lenova mobile in a showroom. she labelled the price of mobile to earn a profit of 20% on the cost price. she sold the mobile by offering a discount of 10% on the labelled price. What is the actual percent profit earned?

Description : Preethi owns lenova mobile in a showroom. she labelled the price of mobile to earn a profit of 20% on the cost price. she sold the mobile by offering a discount of 10% on the labelled price. What is the actual percent profit earned?

Last Answer : Let the CP of mobile= Rs 100 Then the labeled price= Rs.120 SP= Rs. 120-10%of 120 = RS120-12= Rs 108 Gain= Rs 108- Rs 100 = Rs 8 Gain%= 8/100*100=8%

Kabi buys wheat at Rs. 15/kg and puts a price tag on it so as to earn a profit of 10%. However, his faulty balance shows 1000 gm when it is actually 900 gm. What is his actual gain percentage?

Description : Kabi buys wheat at Rs. 15/kg and puts a price tag on it so as to earn a profit of 10%. However, his faulty balance shows 1000 gm when it is actually 900 gm. What is his actual gain percentage?

Last Answer : CP of 1000gm = Rs. 15  SP of 900gm = Rs. 16.5  SP of 1000gm =16.5x1000/900 = Rs. 18  Now take 1000gm as reference to calculate profit. Profit=SP-CP=18-15=Rs. 3 Profit % = 3x100/15 = 20%

The opportunity cost of a factor of production is - (1) what it is earning in its present use. (2) what it can earn in the long period. (3) what has to be paid to retain it in its present use. (4) what it can earn in some other use.

Description : The opportunity cost of a factor of production is - (1) what it is earning in its present use. (2) what it can earn in the long period. (3) what has to be paid to retain it in its present use. (4) what it can earn in some other use.

Last Answer : (4) what it can earn in some other use. Explanation: The opportunity cost of a choice is the value of the best alternative forgone, in a situation in which a choice needs to be made between ... given limited resources. It is equivalent to what a factor could earn for the firm in alter-native uses.

Enterpreneurial ability is a special kind of labour that - (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Description : Enterpreneurial ability is a special kind of labour that - (1) is hired out to firms at high wages (2) organizes the process of production (3) produces new capital goods to earn interest (4) manages to avoid losses by continual innovation

Last Answer : (2) organizes the process of production Explanation: In economics, factors of production are the inputs to the production process. Factors of production' may also refer specifically to the 'primary factors', ... the other factors of production, land, labor, and capital, in order to make a profit.

Any factor of production can earn economic-rent, when its supply will be - (1) Perfectly elastic (2) Perfectly inelastic (3) Elastic in nature (4) All of the above

Description : Any factor of production can earn economic-rent, when its supply will be - (1) Perfectly elastic (2) Perfectly inelastic (3) Elastic in nature (4) All of the above

Last Answer : (2) Perfectly inelastic Explanation: Economic rent is the revenue that can be earned from the land or other natural resource for which there is a fixed supply - as economists like to say, the supply ... inelastic, the amount of its supply does not depend on any income that the resource can produce.