agriculture sector subsidy & food processing section 1 MCQ Questions & Answers Detailed Explanation

Question : 1

Consider the following statements.

1. The loans disbursed to farmers under Kisan Credit Card Scheme are covered under Rashtiya Krishi Bema Yojna of Life Insurance Corporation of India
2. The Kisan Credit Card holders are provided personal accident insurance of ` 50,000 for accidental death and ` 25,000 for permanent disability.

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2

Question : 2

Which of the following statements are correct in accordance to Kisan Credit Cards?

1. NABARD formulated a model scheme for issue of Kisan Credit Cards (KCCs) to farmers so that they may use them to readily purchase agricultural inputs such as seeds, fertilizers, pesticides, etc.
2. These are operated by only commercial banks.
3. The scheme has helped in augmenting the flow of short-term crop loans for seasonal agricultural operations of farmers.
4. From January 31, 2006, the scheme has been extended to all types of loan requirements of borrowers of State Cooperative Agriculture Rural Development Banks (SCARDBs).

a) I, III & IV

b) I & II

c) Only IV

d) All the above

Question : 3

Which of the following is an area of focus under RKVY?

a) Support to state seed farms

b) Encouraging non-farm activities

c) Agriculture mechanization

d) All the above

Question : 4

Which of the following statements are true regarding “Farmer Producer Organization” (FPO):

1. It is a legal entity formed by farmers, fishermen, rural artisans etc.
2. NABARD is providing support for promotion of FPOs

a) Both (i) & (ii)

b) (i) only

c) (ii) only

d) Neither (i) nor (ii)

Question : 5

Consider the following statements :

1. Agriculture including allied activities accounted for about 55% employment in the country according to census 2011.
2. The growth in agriculture and allied sectors is a necessary condition for inclusive growth in India.

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

Question : 6

Which one of the following is the main objective of the Farm Income Insurance Scheme?

a) To provide income protection to the farmers by insuring market risks

b) To provide income protection to the farmers by insuring production

c) To provide income protection to the farmers by providing the insured seeds to farmers

d) Both (a) and (b)