Question

Q. With reference to the Nutrients Based Subsidy (NBS) policy, consider the following statements:

Which of the above-given statements is/are incorrect?

• A.
  1 only
• B.
  2 only
• C.
  Both 1 and 2
• D.
  Neither 1 nor 2

Answer 1

The correct option is A

1 only
Explanation:

Statement 1 is incorrect: Nutrient Based Subsidy (NBS) Programme for Fertilizers was initiated in the year 2010. Under the scheme, a fixed amount of subsidy decided on an annual basis is provided on each grade of subsidized Phosphatic and Potassic (P&K) fertilizers, except for Urea, based on the nutrient content present in them. In India, urea is the only controlled fertilizer and is sold at a statutory notified uniform sale price.
Thus, Urea is not covered under the scheme.

Statement 2 is correct: Under the scheme, a fixed amount of subsidy decided on an annual basis is provided on each grade of subsidized Phosphatic and Potassic (P&K) fertilizers based on the nutrient content present in them.