Question:
Which of the following statements are true about Livestock Economics:
(A) The functional unit of dairy farming is fat & protein corrected milk (FCPM).
(B) The Agreement on Sanitary and Phyto-Sanitary (SPS) measures entered into force with the establishment of WTO in 1995.
(C) Codex Alimentarius was established by World Trade Organization in the year 1945.
(D) The headquarter of OIE is situated at Geneva, Switzerland.
(E) Animal waste accounts for more than 5% methane emission.
Choose the correct answer from the options given below:
Which of the following statements are true about Livestock Economics:
(A) The functional unit of dairy farming is fat & protein corrected milk (FCPM).
(B) The Agreement on Sanitary and Phyto-Sanitary (SPS) measures entered into force with the establishment of WTO in 1995.
(C) Codex Alimentarius was established by World Trade Organization in the year 1945.
(D) The headquarter of OIE is situated at Geneva, Switzerland.
(E) Animal waste accounts for more than 5% methane emission.
Choose the correct answer from the options given below:
(A) The functional unit of dairy farming is fat & protein corrected milk (FCPM).
(B) The Agreement on Sanitary and Phyto-Sanitary (SPS) measures entered into force with the establishment of WTO in 1995.
(C) Codex Alimentarius was established by World Trade Organization in the year 1945.
(D) The headquarter of OIE is situated at Geneva, Switzerland.
(E) Animal waste accounts for more than 5% methane emission.
Choose the correct answer from the options given below:
Show Hint
OIE is headquartered in Paris, France.
Codex was created by FAO and WHO, not WTO.
By knowing these two facts, options containing (C) and (D) can be easily ruled out.
Codex was created by FAO and WHO, not WTO.
By knowing these two facts, options containing (C) and (D) can be easily ruled out.
Updated On: Jul 21, 2026
- (A), (C) and (D) only.
- (C), (D) and (E) only.
- (A), (B) and (E) only.
- (B), (C) and (D) only.
Show Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
Step 1: Understanding the Concept:
Livestock economics encompasses production parameters, global trade agreements, quality standards, and environmental impacts associated with the livestock sector.
Step 2: Detailed Explanation:
Let us analyze the validity of each statement:
- Statement (A): In dairy economics, milk of varying fat and protein contents must be standardized to a common unit for comparison.
Fat and Protein Corrected Milk (FCPM) is the standard functional unit used.
Thus, Statement (A) is correct.
- Statement (B): The SPS Agreement is a multilateral treaty of the World Trade Organization (WTO) that came into effect on January 1, 1995, with the creation of the WTO.
Thus, Statement (B) is correct.
- Statement (C): Codex Alimentarius was established jointly by the Food and Agriculture Organization (FAO) and the World Health Organization (WHO) in 1963, not by the WTO in 1945.
Thus, Statement (C) is incorrect.
- Statement (D): The World Organisation for Animal Health (OIE) is headquartered in Paris, France, not in Geneva, Switzerland.
Thus, Statement (D) is incorrect.
- Statement (E): Animal waste and enteric fermentation are significant contributors to greenhouse gas emissions, representing a large share (well above 5%) of global methane emissions.
Thus, Statement (E) is correct.
Therefore, only statements (A), (B), and (E) are correct.
Step 3: Final Answer:
The correct option is 3, which includes (A), (B), and (E) only.
Livestock economics encompasses production parameters, global trade agreements, quality standards, and environmental impacts associated with the livestock sector.
Step 2: Detailed Explanation:
Let us analyze the validity of each statement:
- Statement (A): In dairy economics, milk of varying fat and protein contents must be standardized to a common unit for comparison.
Fat and Protein Corrected Milk (FCPM) is the standard functional unit used.
Thus, Statement (A) is correct.
- Statement (B): The SPS Agreement is a multilateral treaty of the World Trade Organization (WTO) that came into effect on January 1, 1995, with the creation of the WTO.
Thus, Statement (B) is correct.
- Statement (C): Codex Alimentarius was established jointly by the Food and Agriculture Organization (FAO) and the World Health Organization (WHO) in 1963, not by the WTO in 1945.
Thus, Statement (C) is incorrect.
- Statement (D): The World Organisation for Animal Health (OIE) is headquartered in Paris, France, not in Geneva, Switzerland.
Thus, Statement (D) is incorrect.
- Statement (E): Animal waste and enteric fermentation are significant contributors to greenhouse gas emissions, representing a large share (well above 5%) of global methane emissions.
Thus, Statement (E) is correct.
Therefore, only statements (A), (B), and (E) are correct.
Step 3: Final Answer:
The correct option is 3, which includes (A), (B), and (E) only.
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