Option (a) is correct

Explanation:

• Kuwait is bounded to the west and north by Iraq, to the east by the Persian Gulf, and to the south by Saudi Arabia.

Image Credits: BBC 

Option (c) is correct 

Explanation:

• The Centre announced a 5.3% to 10.35% hike in minimum support prices (MSP) of all mandated Kharif crops for marketing season 2023-24, with moong seeing the highest increase and urad the lowest.
• MSP is the rate at which the government purchases crops from farmers, and is based on a calculation of at least one-and-a-half times the cost of production incurred by the farmers.
• Statement 1 is correct. The Commission for Agricultural Costs & Prices (CACP) made recommendations for MSPs for 22 mandated crops and fair and remunerative price (FRP) for sugarcane.
  • CACP is an attached office of the Ministry of Agriculture and Farmers Welfare.
• The mandated crops include 14 crops of the kharif season, 6 rabi crops and 2 other commercial crops.
• In addition, the MSPs of toria and de-husked coconut are fixed on the basis of the MSPs of rapeseed/mustard and copra, respectively.
• Statement 2 is correct. The 2023-24 MSPs for 17 kharif crops and variants were approved at a meeting of the Cabinet Committee on Economic Affairs (CCEA), chaired by the Prime Minister of India.

Option (b) is correct

Explanation:

Option (d) is correct

Explanation:

• The Price Support Scheme (PSS) is being implemented by the Government of India in the state (not by NITI Aayog)
• Main crops of the state like Bajra, Jowar, Maize, Paddy, Cotton, Tur, Moong, Urad, Groundnut, Sesamum Wheat, Gram, Mustard, and Sugarcane etc. are covered.
• The Department of Agriculture & Cooperation implements the PSS for procurement of oil seeds, pulses and cotton, through NAFED  at the Minimum Support Price declared by the government.
• NAFED undertakes procurement as and when prices fall below the MSP.
• Procurement under PSS is continued till prices stabilise at or above the MSP.

Option (d) is correct

Explanation:

• Deposit Insurance and Credit Guarantee Corporation came into existence in 1978 after passing of the Deposit Insurance and Credit Guarantee Corporation Act, 1961 by the Parliament.
• It serves as a deposit insurance and credit guarantee for banks in India.
• Statement 1 is not correct. DICGC is a wholly-owned subsidiary of the RBI and provides deposit insurance. 
• Statement 2 is correct. The deposit insurance extended by DICGC covers all commercial banks including local area banks (LABs), payments banks (PBs), small finance banks (SFBs), regional rural banks (RRBs) and co-operative banks, that are licensed by the RBI.
• DICGC insures all deposits such as savings, fixed, current and recurring including accrued interest. 
• Each depositor in a bank is insured up to a maximum of Rs 5 lakh for both principal and interest amount held by them as on the date of liquidation or failure of a bank.
  • The earlier insurance cover provided by DICGC was Rs one lakh. However, the limit of insurance cover for depositors in insured banks was raised to Rs 5 lakh in 2020.

Option (c) is correct

Explanation:

• Repo rate is the interest rate at which the Reserve Bank of India lends to banks in the country. 
• Reverse repo rate is the rate at which the Reserve Bank of India borrows money from commercial banks within the country.
• Statutory Liquidity Ratio or SLR is the minimum percentage of deposits that a commercial bank has to maintain in the form of liquid cash, gold or other securities.