Multiple Choice Questions on Which of the following gives the quantum of food subsidy as calculated in India ........ for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

Which of the following gives the quantum of food subsidy as calculated in India ........

Economic Affairs Food Management
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    Which of the following gives the quantum of food subsidy as calculated in India?

    The difference between the per quintal economic cost and the per quintal Central Issue Price (CIP)

    Correct Answer

    The difference between the per quintal economic cost and the per quintal procurement price

    Incorrect Answer

    The difference between the per quintal Market Price and the per quintal Central Issue Price (CIP)

    Incorrect Answer

    The difference between the per quintal Central Issue Price (CIP) and  the per quintal procurement price

    Incorrect Answer
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    Explanation:
    •The difference between the per quintal economic cost and the per quintal Central Issue Price (CIP) gives the quantum of food subsidy.
    •Food subsidy incurred by the Government has risen substantially over the years. (From about 0.6 lakh crore in 2009-10 to about 1.7 lakh crore in 2018-19.)

    By: Abhishek Sharma
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