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

Question : 1

National Horticulture Mission started in

a) 2005-06

b) 2006-07

c) 2003-04

d) 2008-09

Question : 2

Consider the following statements ;

1. The Union Government fixes the Statutory Minimum Price of sugarcane for each sugar season
2. Sugar and sugarcane are essential commodities under the Essential Commodities Act.

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2

Question : 3

Which among the following is an example of Green Field Investment?

a) Investment made by a company in a new factory complex in a remote land of the country where there was no facilities

b) Investment made by a real estate company in agriculture land to develop it later when the land prices increase

c) Investment made by a company to clean up a cement factory located in populated area because of its pollution and using it for a commercial office purpose

d) Investment made by a company to clean up a cement factory located in populated area because of its pollution and using it for a residential purpose

Question : 4

Consider the following statements about the Agriculture Income Tax

1. Agriculture Income Tax is levied and collected by the Union Government.
2. Agriculture Income Tax is levied throughout the country in India.

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2

Question : 5

Consider the following statements regarding Price Stabilization Fund (PSF):

1. It is under ministry of Agriculture and Farmers Welfare
2. The fund is utilized to grant working capital loan to central agencies
3. The scheme promotes direct purchase of farm produce from the farmers

a) (ii) & (iii) only

b) (i) only

c) (i) & (ii) only

d) All of the above

Question : 6

Consider the following statements:

1. Agriculture GDP at constant prices has steadily increased in the last 10 years
2. GDP at constant prices has steadily increased in the last 10 years.

a) Both (i) & (ii)

b) (i) only

c) (ii) only

d) Neither (i) nor (ii)