Question
This question consists of a statement followed by two
arguments I and II. Read the statement and the arguments carefully and select the most appropriate answer from the given options. Statement: Government of country X has decided to impose a ban on the export of wheat effective immediately. Arguments: I. Several states in the country X have reported a bumper crop of wheat this year causing a glut in the market. II. Many wholesalers have complained to the government regarding fears of excess stock of wheat that may start rotting if not used.Solution
Argument I: Several states in country X have reported a bumper crop of wheat this year causing a glut in the market. A glut (excess supply) generally supports exports rather than banning them — exporting would reduce the surplus. Therefore, this argument weakens the decision to ban exports. Argument II: Many wholesalers have complained to the government regarding fears of excess stock of wheat that may start rotting if not used. If the wheat is at risk of rotting due to oversupply, then allowing export could be a way to prevent waste. So, this argument also weakens the decision to ban exports.
Consider the following statements about Conference of the Parties (COP28) :
1.   COP28 on climate conference was recently held in Dubai .
...Which statement is not correct about Small Finance Bank (SFB)-
(A) SFB can provide savings vehicles to unbanked and under-banked public
(B...
Indian Renewable Energy Development Agency (IREDA) was established in ?
Which of the following is NOT an example of manufacturing activity?
__________ include fees received for credit-related or lending related services like credit processing fees, late payment or default charges and early r...
Which committee is associated with the restructuring of the banking sector in India?
What is the full form of UPI in the context of banking in India?
In which year was the Securities and Exchange Board of India (SEBI) established as a statutory body?
Consider the following statements about Foreign Exchange Reserves:
1. These may include foreign currencies, bonds, treasury bills, and other gove...
Khadi and Village Industries Commission (KVIC) is an apex organisation under which Ministry?