agriculture sector subsidy & food processing section 3 MCQ Questions & Answers Detailed Explanation

Answer: (d)

Co-operative societies, Commercial Bank and Regional Rural Bank are sources of agriculture finance in India.

They provide finance under various schemes run by central government and state governments to purchase seeds, implements, fertilizer, pesticides etc.

Answer: (d)

Tenth five year plan

Answer: (a)

Buffer stocking, which is the practice of holding large stocks by government agencies like the Food Corporation of India (FCI) and releasing the stocks in the market to counter price rise.

The buffer stock also helps to maintain the Public Distribution System (PDS).

Answer: (b)

The National Development Council (NDC) on 29th May 2007 adopted a resolution to launch a Food Security Mission comprising rice, wheat and pulses to increase the production of rice by 10 million tons, wheat by 8 million tons and pulses by 2 million tons by the end of the Eleventh Plan (2011–12).

Accordingly, a centrally sponsored Scheme, ‘National Food Security Mission’, had been launched from the rabi season 2007–08 to operationalize the above-mentioned resolution.

Answer: (b)

The RIDF was set up by the Government in 1995-96 for financing ongoing rural Infrastructure projects.

The Fund is maintained by the National Bank for Agriculture and Rural Development (NABARD).

The scope of RIDF has been widened to include activities such as rural drinking water schemes, soil conservation, rural market yards, rural health centres and primary schools, mini hydel plants, Shishu Shiksha Kendra, Anganwadi, and system improvement in the power sector.

The activities to be financed under RIDF include minor irrigation projects/micro-irrigation, flood protection, watershed development/reclamation of waterlogged areas, drainage, forest development, market yard/godown, apna mandi, rural haats and other marketing infrastructure, cold storage, seed/ agriculture/horticulture farms, plantation and horticulture, grading and certifying mechanisms such as testing and certifying laboratories, etc.,

community irrigation wells for irrigation purposes for the village as a whole, fishing harbour/jetties, riverine fisheries, animal husbandry and modern abattoir.

Answer: (d)