Q. Consider the following statements regarding National Mission on Edible Oils- Oil Palm:
1. It is Centrally Sector Scheme that aims to boost domestic production of Palm Oil and reduce its dependence on import
2. The scheme offers price assurance to the farmers
Which of the above statement is/are correct?

[A] 1 only

[B] 2 only

[C] Both 1 and 2

[D] Neither 1 and 2

Answer: B
Notes:
  1. Statement 1 is incorrect: It is Centrally Sponsored Scheme that aims to boost domestic production of Palm Oil and reduce its dependence on import 
  2. Statement 2 is correct: if the market is volatile, then the Centre will pay the difference in price to the farmers through direct benefit transfer 

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