UPSC Prelims Mini Mock Test: 265

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1).
The objectives of National Project on Organic Farming include:
1. Financial Support for the production of Biofertilizers
2. Training & Certification on Organic Farming
3. Develop organic standards
Choose the correct option from the codes given below:
2).
Which of the following statements is/are correct regarding Minimum Alternate Tax (MAT)?
1. Foreign companies with income sources in India are liable under MAT
2. It is not applicable to infrastructure and power sectors
3. MP Shah committee was set up review MAT issue
Select the correct answer from the codes given below:
3).
Consider the following statements about the Non-Banking Financial Company (NBFC):
  1. It is a company registered under the Companies Act, 1956
  2. It cannot accept demand deposits
  3. It does not form part of the payment and settlement system
  4. Deposit Insurance and Credit Guarantee Corporation are not available to depositors of NBFC
Which of the above statements is/are correct?
4).
Consider the following statements about the Price Stabilisation Fund (PSF) Scheme:
  1. It aims to control the price of perishable agri-horticultural commodities
  2. The fund is managed by NABARD
Which of the above statements is/are correct?
5).
Consider the following statements about Tobacco industry in India:
  1. The Tobacco Board of India is a statutory body.
  2. India ranks third in terms of production of tobacco and in exports.
  3. Duties of excise on tobacco is levied and collected by state governments
Which of the above statements is/are correct?

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