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 : 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

The correct answers to the above question in:

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.

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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 is implementing the National Agricultural Insurance Schemes (NAIS) in India?

a) Life Insurance Corporation of India Limited

b) General Insurance Corporation of India Limited

c) National Assurance Company of India Limited

d) Agriculture Insurance Company of India Limited

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.

Question : 2

The ‘Swiss Formula’ of World Trade Organisation is related with?

a) Agricultural subsidy

b) Trans-boundary services

c) Patent of drugs

d) Non-agricultural tariff

Answer: (c)

In the on-going multilateral trade negotiations at the World Trade Organisation (WTO), it has been decided by all 149 participating countries to use the Swiss formula for reducing import tariffs on industrial goods.

Question : 3

Monoculture is a typical characteristic of -

a) Subsistence farming

b) Shifting cultivation

c) Specialized horticulture

d) Commercial grain farming

Answer: (d)

Monoculture is the agricultural practise of producing or growing a single crop or plant species over a wide area and for a large number of consecutive years.

It is widely used in modern industrial agriculture and its implementation has allowed for large harvests from minimal resources.

Monocultures can lead to the quicker spread of pests and diseases, where a uniform crop is susceptible to a pathogen. ‘Crop monoculture’ is the practice of growing the same crop year after year.

Question : 4

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 : 5

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 : 6

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

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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