agriculture sector subsidy & food processing section 3 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
- RKVY was launched in 2007-08
- The aim was to incentivize states to enhance investment in agriculture and allied sectors to achieve a 4% growth rate.
- The government has approved the continuation of the RKVY scheme in the 12th plan whereby the funding will be routed into three components- production growth, infrastructure and assets, and sub-schemes and Flexi-fund.
(a) All the above
(b) Only I
(c) Only II
(d) None of the above
The correct answers to the above question in:
Answer: (a)
RKVY was launched in 2007-08 for the 11th plan to incentivize states to enhance investment in agriculture and allied sectors to achieve a 4% growth rate.
The government has approved the continuation of the RKVY scheme in the 12th plan whereby the funding will be routed into three components production growth, infrastructure and assets, and sub-schemes and Flexi-fund.
Practice Agriculture Sector, Subsidy and Food Processing (agriculture sector subsidy & food processing section 3) Online Quiz
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Read more agriculture sector subsidy and food processing Based Indian Economy Questions and Answers
Question : 1
What is the WTO Agreement on Agriculture (AoA)?
- It permitted the developed countries to continue to provide farm subsidies but under certain restrictions.
- It permitted the developing countries to continue to provide farm subsidies but under certain restrictions.
- It does not permit the developed countries to continue to provide farm subsidies.
a) Only II
b) Only III
c) Only I
d) None of the above
Answer »Answer: (c)
The WTO Agreement on Agriculture (AoA), 1995 permitted the developed countries to continue to provide farm subsidies, but under certain restrictions
Question : 2
Pink revolution is related to
a) Oil seeds
b) Milk
c) Shrimp
d) Wool
Answer »Answer: (c)
Question : 3
Which one of the following pairs is not correctly matched?
a) Social Security Measures – Bharat Nirman
b) Rural Credit – NABARD
c) Industrial Finance – SIDBI
d) Rural Employment – SJSRY
Answer »Answer: (a)
Bharat Nirman is an Indian business plan for creating and augmenting basic rural infrastructure.
It comprises projects on
- irrigation,
- roads (Pradhan Mantri Gram Sadak Yojana),
- housing (Indira Awaas Yojana),
- water supply (National Rural Drinking Water Programme),
- electrification (Rajiv Gandhi Grameen Vidyutikaran Yojana) and
- telecommunication connectivity.
Question : 4
Agriculture sector directly employs one of the following percentages of labour force in India
a) 30%
b) 40%
c) 20%
d) 52%
Answer »Answer: (d)
Agriculture, diary, horticulture and related occupations alone employ 52 percent of labour in India.
Question : 5
Which one of the following is not included in the Agriculture and Allied Services of Indian Economy?
a) Forestry
b) Logging
c) Fishing
d) Food Processing
Answer »Answer: (d)
Agriculture (crops) and allied sectors are like forestry, logging and fishing. Food processing is not included in the Agriculture and allied services of the Indian Economy.
Question : 6
Consider the following statements:
- Indian government announces the minimum support price for 10 agricultural commodities for each Kharif and Rabi crop in a year.
- The common paddy has a higher minimum support price than the paddy grade-A.
a) 1 and 2 both
b) 1 only
c) 2 only
d) None
Answer »Answer: (d)
Minimum support prices fixed by Government (Rs./Quintal) in 2015-16 covers 25 agricultural commodities
i.e., 14 Kharif, 7 Rabi and 4 other crops. Common paddy has Rs. 1410/quintal & Grade A has Rs. 1450/quintal.
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