With reference to Open Market Sale Scheme-Domestic (OMSS-D) consider the following statements:1.Under the scheme, the government has decided to control the volatility of the tomatoes in the market through strategic interventions.2.The scheme aims at stabilizing price and acts as a measure to curb food grain inflation. 3.The scheme has also allowed the state governments to procure rice and wheat from the central government.How many of the above statements are correct?

Q. With reference to Open Market Sale Scheme-Domestic (OMSS-D) consider the following statements:
1.Under the scheme, the government has decided to control the volatility of the tomatoes in the market through strategic interventions.
2.The scheme aims at stabilizing price and acts as a measure to curb food grain inflation.
3.The scheme has also allowed the state governments to procure rice and wheat from the central government.
How many of the above statements are correct?

[A] Only one

[B] Only two

[C] All three

[D] None

Answer: A

Notes:

Explanation –

Statements 1 and 3 are incorrect. OMSS-D refers to selling of food grains by Food Corporation of India (FCI) at a predetermined prices in the open market from time to time. Under the scheme, the central government has recently discontinued the sale of rice and wheat from the central pool to State governments.

Statement 2 is correct. OMSS-D aims at stabilizing price and acts as a measure to curb food grain inflation.

Source: ForumIAS

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