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

Questions : Indian poverty is said to be predominantly rural. Yet the problem of urban poverty appears to have reached unmanageable proportions. The paradox is explained by:
  1. greater visibility of urban poverty
  2. migration of rural population to urban areas
  3. seasonality of agricultural operations
  4. the cycle of drought and floods

(a) 1 and 4

(b) 1 only

(c) 1 and 2

(d) All of these

The correct answers to the above question in:

Answer: (c)

Practice Agriculture Sector, Subsidy and Food Processing (agriculture sector subsidy & food processing section 2) Online Quiz

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Read more agriculture sector subsidy and food processing Based Indian Economy Questions and Answers

Question : 1

Which one of the following agencies is not included in the operation of the Kisan Credit Cards?

a) Co-operative Banks

b) Scheduled Commercial Banks

c) Regional Rural Banks

d) NABARD

Answer: (d)

A Kisan Credit Card is a credit card to provide affordable credit for farmers in India. It was started by the Government of India, Reserve Bank of India (RBI), and National Bank for Agricultural and Rural Development (NABARD) in 1998-99 to help farmers access timely and adequate credit.

The farmers can use cards to withdraw money from most of the banks like commercial banks, cooperative banks and regional rural banks. However, in day-to-day operations, NABARD is not included.

Question : 2

The Indian Institute of Horticultural Research is located at which among the following places?

a) Jaipur

b) Bhopal

c) Lucknow

d) Bengaluru

Answer: (d)

Indian Institute of Horticultural Research is located in Bengaluru.

The Institute spreads research activities by establishing its experimental stations at Lucknow, Nagpur, Ranchi, Godhra, Chettalli and Gonikopal.

Question : 3

What are the functions of NABARD?

  1. It is associated with the policy, planning, operation and even monitoring levels for providing agricultural credit.
  2. Its primary task is to function as a refinancing institution for all types of lending for agricultural and rural development.
  3. In addition to this, it provides term credit to state cooperative banks, regional rural banks, land development banks and state governments (only for share capital contribution to cooperative credit societies).

a) II & III

b) Only I

c) I & II

d) All the above

Answer: (d)

Its primary task is to function as a refinancing institution for all types of lending for agricultural and rural development.

In addition to this, it provides term credit to state cooperative banks, regional rural banks, land development banks and state governments (only for share capital contribution to cooperative credit societies).

Question : 4

Which of the following state is/are included under the Oil Palm Development Programme under ISOPOM ?

a) Gujarat

b) Tripura

c) Tamil Nadu

d) All of the above

Answer: (d)

It is implemented in other states like Karnataka, Goa, Kerala, Assam and Mizoram.

Question : 5

Pink revolution is related to

a) Oil seeds

b) Milk

c) Onions

d) Wool

Answer: (c)

Pink revolution - Onions/prawn.

Question : 6

The farmers are provided credit from a number of sources for their short and long term needs. The main sources of credit to the farmers include :

  1. the Primary Agricultural Co-operative Societies, Commercial Banks, RRBs and Private money lenders.
  2. the NABARD, RBI, Commercial banks and Private money lenders.
  3. the District Central Co-operative Banks (DCCB), the lead banks, IRDP and JRY
  4. the Large Scale Multi-purpose programme, DCCB, IFFCO and Commercial banks.

a) 1 and 2 only

b) 1 only

c) All of the above

d) 3 and 1 only

Answer: (b)

Statement 1 lists all the main and primary sources of agricultural credit institutions exclusively for farmers.

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