agriculture sector subsidy & food processing section 4 MCQ Questions & Answers Detailed Explanation

Answer: (b)

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.

Answer: (d)

Agriculture Insurance Company of India Limited is implementing the National Agricultural Insurance Scheme (NAIS) in India. In the year 1999, the National Agricultural Insurance Scheme was introduced by replacing the comprehensive crop Insurance Scheme.

NAIS covers all food crops (cereals and pulses), oilseeds, horticultural and commercial crops. It covers all farmers, both loanees and non-loanees, under the scheme.

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.

Answer: (c)

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).