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

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The following question based on Agriculture Sector, Subsidy and Food Processing topic of indian economy mcq

Questions : 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.
Which of the statements given above is/are correct?

(a) Both 1 and 2

(b) 1 only

(c) 2 only

(d) Neither 1 nor 2

The correct answers to the above question in:

Answer: (c)

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Question : 1

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

Answer: (a)

NABARD formulated a model scheme for the 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.

These are operated by commercial banks, RRBs and cooperative banks.

Question : 2

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

Answer: (d)

The Rashtriya Krishi Vikas Yojana was launched in 2007-08.

Question : 3

To address the problem of sustainable and holistic development of rainfed areas, including appropriate farming and livelihood system approaches, the government of India has set up the

a) National Watershed Development Project for Rainfed Areas

b) National Mission on Rainfed Areas

c) National Rainfed Area Authority

d) Command Area Development and Water Management Authority

Answer: (c)

The union government has constituted a national rainfed area authority on 3rd Nov 2006 to give focused attention to the problems of the rainfed area of the country, It’s mandate is water than mere water conservation and covers all the aspects of sustainable and holistic development of rainfed areas, including appropriate farming and livelihood system approach.

Question : 4

Consider the following statements :

  1. 20-point programme of the Indian Government includes the measures to uplift the landless workers.
  2. The 20-point programme was started by Janata Party Government in 1978.
Which of the statements given about is/are correct?

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

Answer: (b)

The Twenty Point Programme was initially launched by Prime Minister Indira Gandhi in 1975.

The basic objective of the 20-Point Programme was to eradicate poverty and to improve the quality of life of the poor and the underprivileged population of the country including landless workers.

Question : 5

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
Select the correct answer using the code given below:

a) Both (i) & (ii)

b) (i) only

c) (ii) only

d) Neither (i) nor (ii)

Answer: (a)

A Producer Organisation (PO) is a legal entity formed by primary producers, viz. farmers, milk producers, fishermen, weavers, rural artisans, craftsmen. A PO can be a producer company, a cooperative society or any other legal form which provides for sharing of profits/benefits among the members.

The main aim of PO is to ensure better income for the producers through an organization of their own. Farmers Producer Organization (FPO) is one type of PO where the members are farmers.

Small Farmers’ Agribusiness Consortium (SFAC) and NABARD are providing support for the promotion of FPOs.

Question : 6

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.
Which of the statements given above is/are correct?

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

Answer: (c)

The growth in agriculture and allied sectors is a necessary condition for inclusive growth in India.

Agriculture including allied activities accounted for about 55% employment in the country according to census 2011.

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