1) Which of the following statements is/are correct with respect to Minimum Support Price (MSP) in India?
a) It is decided by the CACP.
b) MSP is set for both food crops and most of Minor Forest Produces (MFPs).
c) Both a and b
d) Neither a nor b
Answer
1) c
1) Which of the following statements is/are correct with respect to National Anti Profiteering Authority (NAA) of India?
a) It has been setup under NITI Aayog.
b) It aims to ensure that benefits of reduction in indirect tax rates are passed on to consumers.
c) It is a permanent body.
i) All of the above
ii) Statement c only
iii) Statement b only
iv) Statement b and c only
Answers
1) b. National Anti Profiteering Authority (NAA) in India has been setup under GST.
