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GS Paper IUPSC Prelims 2001
Agriculture & Rural Economy
Question No. 62Interactive Test Mode
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+2-0.66

Q62. The prices at which the government purchases food grains for maintaining the public distribution system and for building up buffer-stock is known as:

The prices at which the government purchases food grains for maintaining the public distribution system and for building up buffer-stock is known as:

Select the correct option below (or cross out options to eliminate)
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Official Answer Key & Detailed Solution

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Official UPSC Answer KeyUPSC Prelims 2001 • Indian Economy

Correct Answer: Option (B) — procurement prices

Concept & Option Breakdown

Standard Reference Verified

Procurement price is the price at which the government purchases foodgrains from farmers to build buffer stocks and feed the Public Distribution System (PDS). Minimum Support Price (MSP) acts as a guaranteed floor price, whereas Issue Price is the subsidized rate at which foodgrains are released from FCI godowns to consumers via fair price shops.

Elimination Heuristic & Exam Approach

Purchases for buffer stock = Procurement Price; Sales to poor consumers = Central Issue Price.

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Question Specifications & Syllabus Mapping

Examination & YearUPSC Civil Services Preliminary Examination 2001 (Q62)
Paper & Marking SchemeGS Paper I • 2 Marks (-0.66 Negative for incorrect response)
Syllabus Subject & TopicIndian Economy → Agriculture & Rural Economy
Official Answer KeyOption (B) — procurement prices

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Frequently Asked Questions — UPSC Prelims 2001 Q62

What is the official answer for UPSC Prelims 2001 GS Paper I Question 62 (Indian Economy)?

The official UPSC answer key for this 2001 Indian Economy (Agriculture & Rural Economy) question is Option (B): "procurement prices". Correct attempts carry 2 Marks with -0.66 Negative penalty for wrong answers.

Which UPSC Prelims syllabus topic does this 2001 question belong to?

This question belongs to GS Paper I under the subject "Indian Economy" and micro-topic "Agriculture & Rural Economy". You can explore all repeated questions from Agriculture & Rural Economy in Acme AI's 3D Prelims PYQ Realm or practice 50 full-length and sectional tests in the APT Prelims Test Series.

How can I solve this Agriculture & Rural Economy UPSC Prelims question using option elimination?

Purchases for buffer stock = Procurement Price; Sales to poor consumers = Central Issue Price.

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