agriculture sector subsidy & food processing section 5 MCQ Questions & Answers Detailed Explanation

Question : 1

What is Cooperative joint farming?

1. Where the society holds the land and leases it to individual members
2. Where land is irrevocably surrendered to the collective;
3. Where the farmers pool their land and reap the economies of scale, although the ownership continues to remain with the individual farmer.

a) Only III

b) I & II

c) Only II

d) None of the above

Question : 2

What is the procurement price?

1. It is the price at which government purchases the crop after harvesting, while MSP is the minimum price at which government declares it will buy the crop.
2. It is that price at which people purchases the crop after harvesting, while MSP is the maximum price at which government declares it will buy the crop
3. It is the price at which people purchase the product from the government

a) Only III

b) Only I

c) II & III

d) None of the above

Question : 3

Which is correct with respect to the second green revolution?

1. It seeks to minimize post-harvest wastage
2. Improve storage and help Indian farmers meet the phytosanitary conditions so that they can participate productively in the global agricultural trade.
3. It is assisted by research undertaken by public institutions such as Universities.
4. It is directed by proprietary research and governed by Intellectual Property Rights.

a) I, II & IV

b) I & II

c) I, II & III

d) All the above

Question : 4

Which one among the following Agricultural sectors is covered under the market Intervention scheme (MIS) of the Indian Government?

a) Irrigation

b) Forestry

c) Horticulture

d) Animal Husbandry

Question : 5

Consider the following statements :

1. National Project for Cattle and Buffalo Breeding (NPCBB) was started for genetic improvement.
2. National Project for Cattle and Buffalo Breeding (NPCBB) was launched in 2000.

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

Question : 6

Which sector is the backbone of Indian economy?

a) Financial Sector

b) Tourism Sector

c) Service Sector

d) Agriculture Sector