SSC Economics Sample Paper NCERT Sample Paper-1

  • question_answer
    Consider the following statements:
    1. India meets 80% of its urea requirement through indigenous production.
    2. India largely import dependent for meeting its requirements of the potassic (k) and phosphatic (P) fertilizer requirements.
    Which of the statements given above is/are correct?

    A)  1 only 

    B)  2 only

    C)  Both 1 and 2    

    D)  neither 1 nor 2

    Correct Answer: D

    Solution :

    [d] There is a gap between consumption and indigenous production of Urea. To bridge the gap. Department of Fertilizers   imports   Urea   on   Government account. Department of Fertilizers has issued New Investment Policy (NIP)-2012 on 2nd January, 2013 and its amendment thereof on 7th October, 2014 to make India self-sufficient in the Urea sector. In response to amendment to NIP-2012, this Department has received 12 proposals for investment for urea plants, which is expected to increase the domestic production of urea. The new capacity is expected to start materializing in 2017-18. For sustained agricultural growth and to promote balanced nutrient application, it is imperative that fertilizers are made available to farmers at affordable prices. With this objective, urea being the only controlled fertilizer, is sold at statutory notified uniform sale price, and decontrolled Phosphatic and Potassic fertilizes are sold at indicative maximum retail prices (MRPs).

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