Multiple Choice Questions on Consider the following statements regarding Food Price Index It is released by the Food and Agricult........... for UPSC Civil Services Examination (General Studies) Preparation

Back to Main Page

Multiple Choice Questions

Consider the following statements regarding Food Price Index It is released by the Food and Agricult...........

Economic Affairs Food Management
    Download Solution PDF

    Consider the following statements regarding Food Price Index

    1. It is released by the Food and Agriculture Organisation (FAO).
    2. It measures the monthly change in international prices of a basket of food commodities.

    Select the correct statement.

    1 only

    Incorrect Answer

    2 only

    Incorrect Answer

    Both

    Correct Answer

    None

    Incorrect Answer
    छोटे Courses बड़े Results
    Master Food Management
    Prepare through Micro-courses
    Try Now
    Explanation:

    The Food Price Index is released by the United Nations Food and Agriculture Organisation (FAO).

    • It was introduced in 1996 as a public good to help in monitoring developments in the global agricultural commodity markets.
    • The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities.
    • It measures changes for a basket of cereals, oilseeds, dairy products, meat and sugar.
    • Base Period: 2014-16.

    Hence both statements are correct.

    By: Shubham Tiwari
    ProfileResources

    Let's Discuss

    Master
    Food Management
    With abhipedia
    Micro Courses
    Try Now
    What our students have to say
    Review on us
    Download Abhipedia Android App

    Access to prime resources

    Downlod from playstore
    download android app download android app for free