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
- It is associated with the policy, planning, operation and even monitoring levels for providing agricultural credit.
- 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).
(a) II & III
(b) Only I
(c) I & II
(d) All the above
The correct answers to the above question in:
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).
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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 assigns the Agricultural Income Tax to states in India?
a) National Development Council
b) Inter – State council
c) Agriculture Finance Corporation
d) Finance commission
Answer »Answer: (d)
Finance commission
Question : 2
Which of the fallowing are responsible for the decrease of per capita holding of cultivated land in India?
- Low per capita income.
- Rapid rate of increase of population.
- Practice of dividing land equally among the heirs.
- Use of traditional techniques of ploughing.
a) 1 and 4
b) 1 and 2
c) 2 and 3
d) 2, 3 and 4
Answer »Answer: (c)
Rapid rate of increase of population and practice of dividing land equally among the heirs are responsible for the decrease of per capita holding of cultivated land in India.
Question : 3
What were the measurements taken by the government to improve the condition of agriculture?
- The ‘Land Reform’ measures and ‘Green Revolution’ were the greatest achievements of the Indian Government in enhancing agricultural production and productivity.
- Between 1950 and 1990, there was a substantial increase in agricultural productivity. As a result of the Green Revolution, India became self-sufficient in food production.
- Land Reforms resulted in the abolition of the zamindari system.
- The proportion of GDP contributed by agriculture changed significantly, but not the population depending on it.
a) Only III
b) I & II
c) I, II & IV
d) All the above
Answer »Answer: (d)
Question : 4
The Indian Institute of Horticultural Research is located at which among the following places?
a) Jaipur
b) Bhopal
c) Lucknow
d) Bengaluru
Answer »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 : 5
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 »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 : 6
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:
- greater visibility of urban poverty
- migration of rural population to urban areas
- seasonality of agricultural operations
- the cycle of drought and floods
a) 1 and 4
b) 1 only
c) 1 and 2
d) All of these
Answer »Answer: (c)
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