agriculture sector subsidy & food processing section 2 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
(a) Irrigation
(b) Forestry
(c) Horticulture
(d) Animal Husbandry
The correct answers to the above question in:
Answer: (c)
Government implements a Market Intervention Scheme (MIS) at the request of a State/UT Government for the procurement of agricultural and horticultural commodities not covered under the Price Support Scheme.
The MIS is implemented in order to protect the growers of these commodities from making distress sales in the event of the bumper crop when the prices tend to fall below the economic level/cost of production.
Losses, if any, incurred by the procuring agencies are shared by the Central Government and the concerned State Government on a 50:50 basis (75:25 in the case of the North-Eastern States).
However, the amount of loss to be shared between the Central Government and the concerned State Government is restricted to 25% of the value of procurement. Profit, if any, earned by the procuring agencies are retained by them.
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Read more agriculture sector subsidy and food processing Based Indian Economy Questions and Answers
Question : 1
The Rastriya Krishi Vikas Yojana of Government of India envisages the development in the following fields in India:
- Production of Pulses and Oilseeds
- Production of Fodder
- Development of Rainfed areas of India
- Cultivation of Saffron
- Development of Vegetable clusters
a) 1, 3 & 4
b) 1, 2 & 3
c) 1, 3, 4 & 5
d) 1, 2, 3, 4 & 5
Answer »Answer: (d)
Provision of Rs. 9217 crore has been made for this scheme in the Budget of 2012-13. It includes 9 sub-components.
These are:
- a special initiative for pulses and oilseeds development in selected pulses and oilseed growing villages in rain-fed areas,
- the scheme to bridge the yield gap in agriculture in eastern India,
- an initiative on vegetable clusters,
- the accelerated fodder development programme,
- the rain-fed area development programme,
- promotion of oil palm,
- Nutri- cereals,
- national mission for protein supplements and
- saffron mission.
Question : 2
What is Cooperative collective farming?
- Where the society holds the land and leases it to individual members.
- Where land is irrevocably surrendered to the collective.
- Where the farmers pool their land and reap the economies of scale, although the ownership continues to remain with the individual farmer.
a) Only III
b) I & II
c) Only II
d) None of the above
Answer »Answer: (c)
Cooperative collective farming, where land is irrevocably surrendered to the collective
Question : 3
The National Mission for Saffron has been launched as a sub-scheme of which among the following programmes?
a) National Horticulture Mission
b) National Food Security Mission
c) Rashtriya Krishi Vikas Yojana
d) National Cash Crop Programme
Answer »Answer: (c)
Three new sub-schemes have been introduced under RKVY from 2010-11.
National Mission for Saffron-Economic Revival of J&K Saffron Sector has been provided with special grants.
Question : 4
Which of the following statement is correct?
- ISOPOM provides flexibility to states in implementation based on a regionally differentiated approach for promoting crop diversification and providing a focus to the programme.
- This scheme is under implementation in the country for the increasing area, production and yield of these crops from 2009-10
- The pulses component was merged with NFSM w.e.f. April 2013.
a) Only II
b) I & II
c) Only I
d) All the above
Answer »Answer: (c)
ISOPOM provides flexibility to states in implementation based on a regionally differentiated approach for promoting crop diversification and providing a focus to the programme.
This scheme is under implementation in the country for the increasing area, production and yield of these crops from 2004- 05.
The pulses component was merged with NFSM w.e.f. April 2010.
Question : 5
Consider the following statements :
- In India, more than 85% agriculture workers are mainly casual labourers.
- Agriculture labourers in India are mainly dominated by the backward classes.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Netiher 1 nor 2
Answer »Answer: (c)
Agriculture labourers in India are mainly dominated by the backward classes and more than 85% agriculture workers are mainly casual labourers.
Question : 6
Which of the following statements are true regarding “Open Market Sale Scheme”:
a) It is done by Securities and Exchange Board of India (SEBI) to sell shares
b) It is done by Reserve Bank of India to sell Govt. securities
c) It is done by Food Corporation of India to sell food grains
d) It is done by companies listed on stock exchange to issue shares
Answer »Answer: (c)
Food Corporation of India sells surplus stocks of wheat and rice under Open Market Sale Scheme (Domestic) at pre-determined prices through e-auction in the open market from time to time to enhance the supply of food grains during the lean season and thereby moderate the open market prices specially in the deficit regions.
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