Current Affairs Question - 19 September 2022

With reference to the British Indian Association, consider the following statements:

1. British Indian Association was established in 1851 in Kolkata with Radhakanta Deb as its first President.
2. The first general secretary of the association was Debendranath Tagore.
3. The Association ceased operations in 1954 when the Zamindari system was abolished in India.

Which of the statement(s) given above is/are correct?

Consider the following statements with reference to the government interventions in Urea and DAP/MOP DAP (di-ammonium phosphate) MOP (muriate of potash):

1. Government sets a controlled Maximum Retail Price (MRP) at which urea must be sold to farmers.
2. Government involvement in DAP and MOP is limited to paying producers and importers a fixed nutrient based subsidy which works out to be roughly 35 per cent of the cost of production.
3. DAP and MOP producers and importers receive a Nutrient Based Subsidy (NBS) based on a formula that determines the amount of N, P and K in a given amount of fertiliser.
4. In case of Urea, imports are canalised—only selected agencies are allowed to import urea into India.

Choose the correct statement(s) from the codes given below: