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
- It is a specialized agency of the United Nations
- It is a specialized agency of the World Bank Group
- It focuses on food production in developing countries
- It focuses on eradicating rural poverty in developing countries
(a) (ii) & (iii) only
(b) (i) & (iii) only
(c) (i), (iii) & (iv) only
(d) (ii), (iii) & (iv) only
The correct answers to the above question in:
Answer: (c)
The International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations, was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference.
The conference was organized in response to the food crises of the early 1970s that primarily affected the Sahelian countries of Africa.
It resolved that "an International Fund for Agricultural Development should be established immediately to finance agricultural development projects primarily for food production in the developing countries."
Through low-interest loans and grants, IFAD works with governments to develop and finance programmes and projects that enable rural poor people to overcome poverty.
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Read more agriculture sector subsidy and food processing Based Indian Economy Questions and Answers
Question : 1
Consider the following statements:
- Fishing contributes around 1% in overall GDP
- Livestock contributes around 5% in overall GDP
a) Both (i) & (ii)
b) (i) only
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (a)
Agriculture contributes around 16.5 % in GDP, out of which fishing is around 1% and livestock is around 5%, crops around 9.5% and forestry around 1%.
Question : 2
Which one of the following items has the highest share of India in the World Exports?
a) Pearls, precious stones, metals, coins, etc
b) Lac, gums, resins, vegetable saps, and extracts etc
c) Coffee, tea, mate, spices etc
d) Vegetable plaiting materials, vegetable products etc
Answer »Answer: (b)
These exports have marked a growth of 0.8 in the year 2012-13.
Recently India has diversified its export basket for these products.
Question : 3
The Green Revolution in India has contributed to
a) inter-class inequality
b) inter-crop inequality
c) inter-regional inequality
d) all of the above
Answer »Answer: (d)
The Green Revolution in India has contributed to inter-regional, inter-class and inter-crop inequality as certain regions like UP and Punjab which used HYVs much better than others have become more advanced than others.
Similarly, certain classes which were rich like big landlords could purchase HYV and thus have grown richer.
Similarly, certain crops like wheat have done better than others creating inequality.
Question : 4
What is the main motive of the government behind having a dual price system & setting up of fair price shops?
a) To incentivise the trading of essential commodities
b) To demote speculation and hoarding
c) To eliminate the monopoly of the traders and speculators
d) To make the essential commodities available to the weaker sections of the society
Answer »Answer: (d)
Question : 5
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 »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 : 6
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 »Answer: (d)
The Rashtriya Krishi Vikas Yojana was launched in 2007-08.
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agriculture sector subsidy & food processing section 1
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