agriculture sector subsidy & food processing section 4 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 : Consider the following statements:
  1. Coconut Palm Insurance Scheme (CPIS) is implemented in the Kerala, Karnataka and Tamil Nadu on Pilot basis.
  2. Coconut Palm Insurance Scheme (CPIS) is started implementing since 2009–10. 3. 50% subsidy in premium is provided by Government of India and 25% by the concerned state government.
Which of the statements given above is/are correct?

(a) 2 and 3 only

(b) 1 only

(c) 2 only

(d) 1, 2 and 3

The correct answers to the above question in:

Answer: (a)

A pilot Coconut Palm Insurance Scheme (CPIS) was introduced in 2009–10 for the benefit of coconut growers in major coconut growing states –

  1. Kerala,
  2. Karnataka,
  3. Tamil Nadu,
  4. Goa,
  5. Andhra Pradesh,
  6. West Bengal and
  7. Maharashtra.

Coconut plants of the age from 4th year to 60th year are covered. Insurance coverage is provided for total loss/death/ becoming useless of the plant.

50% subsidy in premium is provided by the Government of India and 25% by the concerned state government.

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

Question : 1

Which statement is correct regarding Evergreen Revolution?

  1. The emphasis in this revolution is on sustainable agriculture by means of organic and green agriculture.
  2. Dr. MS Swaminathan gave this concept
  3. It includes the use of integrated pest management, nutrient supply and resource management.

a) Only III

b) I & II

c) Only II

d) All the above

Answer: (d)

The emphasis in this revolution is on sustainable agriculture by means of organic and green agriculture. Dr. MS Swaminathan gave this concept. It includes the use of integrated pest management, nutrient supply and resource management.

Question : 2

Consider the following statements:

  1. Both Coffee and Tea prefer slightly acidic Soiloth
  2. Coffee and Tea show winter dormancy
Which among the above statements is / are correct?

a) Both 1 and 2 are correct

b) Only 1 is correct

c) Only 2 is correct

d) Neither 1 nor 2 is / are correct

Answer: (b)

Question : 3

The importance of agriculture in Indian Economy is indicated by its contribution to which of the following?

a) Industrial development and international trade

b) Supply of foodgrains

c) National income and employment

d) All of the above

Answer: (d)

The importance of agriculture in the Indian Economy is indicated by its contribution to national income, industrial development and supply of foodgrains. It contributes around 13.7% to GDP, supplies raw materials for the development of industries along with supplying food grains for livelihood.

Agriculture plays a vital role in the Indian economy over 70% of the rural households depend upon Agricultural. Agriculture is an important sector of the Indian economy as it contributes about 17% to the total GDP and provides employment to over 60% of the population.

Question : 4

What will be the ultimate impact on the poor and landless farmers if all of a sudden, government decides to raise the Minimum Support Prices of rice & foodgrains inexorably or excessively?

a) The markets will crash

b) The poor farmers will become rich

c) The poor farmers will get poorer

d) This will encourage the exports of rice and food grains

Answer: (c)

Question : 5

Which one of the following schemes is not included in the Rashtriya Krishi Vikas Yojana (RKVY)?

a) Saffron mission

b) National mission for protein supplements

c) Accelerated fodder development programme

d) All of the above

Answer: (d)

Rashtriya Krishi Vikas Yojana was launched in August 2007 as a part of the 11th Five Year Plan by the Government of India.

Launched under the aegis of the National Development Council, it seeks to achieve 4% annual growth in agriculture through the development of Agriculture and its allied sectors during the period under the 11th Five Year Plan (2007–11).

Question : 6

The Minimum Support Price and procurement prices for agriculture products are fixed by the Government on the recommendations of

a) National Development Council

b) Planning Commission

c) Competition Commission of India

d) Commission for Agricultural Costs and Prices (CACP)

Answer: (d)

The Commission for Agricultural Costs & Prices (CACP) came into existence in January 1965.

Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.

The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).

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