Question

Q. Consider the following statements about Nutrient Based Subsidy (NBS) scheme:

Select the correct code from the options given below:

• A. 1 and 2 only
• B. 1 only
• C. 2 and 3 only
• D. 1, 2 and 3

Answer 1

The correct option is A 1 and 2 only

Explanation:

• Statement 1 is correct.The Nutrient Based Subsidy Scheme (NBS) allows the manufacturers, marketers, and importers to fix the MRP of the Phosphatic and Potassic fertilizers at reasonable levels.
• Statement 2 is correct. Urea has been kept out of the purview of this scheme.
• Statement 3 is incorrect. The scheme is administered by the Department of Fertilizers under the Ministry of Chemicals & Fertilizers.