UPSC Prelims Practice Questions — CCI gets ₹1,719 crore to pay support price

Q1. In the context of Minimum Support Price operations for cotton in India, the Cotton Corporation of India (CCI) is best described as which one of the following?

  • A. A statutory price regulator constituted under the Essential Commodities Act, 1955
  • B. A Central Public Sector Undertaking under the Ministry of Textiles serving as the nodal agency for cotton MSP operations
  • C. An autonomous body under the Ministry of Agriculture and Farmers Welfare implementing the Price Support Scheme for fibre crops
  • D. A multi-State cooperative federation of cotton growers registered under the Multi-State Cooperative Societies Act, 2002

Q2. The recent approval of Rs.1,718.56 crore as Minimum Support Price funding to the Cotton Corporation of India for cotton season 2023-24 was granted by which one of the following bodies?

  • A. Commission for Agricultural Costs and Prices (CACP)
  • B. Cabinet Committee on Economic Affairs (CCEA)
  • C. Cabinet Committee on Political Affairs (CCPA)
  • D. Empowered Committee of State Finance Ministers

Q3. As per the recent Cabinet communication on cotton MSP operations, the Cotton Corporation of India operates its procurement network across how many major cotton-growing States of India?

  • A. 7
  • B. 9
  • C. 11
  • D. 15