agriculture sector subsidy & food processing section 5 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
- In India, the Nutrient Based Subsidy (NBS) policy for fertilizers was implemented in 2010.
- The Nutrient Based Subsidy (NBS) policy for fertilizers is applied only to Phosphorus based fertilizers.
(a) 2 only
(b) 1 only
(c) Both 1 and 2
(d) Neither 1 nor 2
The correct answers to the above question in:
Answer: (b)
Nutrient Based Subsidy (NBS) Policy on decontrolled Phosphatic and Potassic fertilizer came into effect from 1st April 2010.
It has been decided to fix the subsidy on the nutrients
- ‘N’ - Nitrogen,
- ‘P’ - Phosphorus,
- ‘K’ - Potash and
- ‘S’ – Sulphur contents.
Practice Agriculture Sector, Subsidy and Food Processing (agriculture sector subsidy & food processing section 5) Online Quiz
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Read more agriculture sector subsidy and food processing Based Indian Economy Questions and Answers
Question : 1
Consider the following statements
- Farm Income Insurance Scheme at the beginning covered only rice and wheat crops.
- National Agricultural Insurance Scheme is withdrawn from the crops which are covered under the Farm Income Insurance Scheme.
a) Only 2
b) Only 1
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (c)
Farm Income Insurance Scheme was designed to provide a comprehensive crop insurance cover to farmers against loss in farm income due to fluctuations in yield and price, the scheme was adopted as a pilot project in respect of paddy and wheat at a block each in 25 States.
Implemented by the National Insurance Company, the scheme carried a subsidy of 75 per cent on the premium, given by the Union Government in respect of small and marginal farmers and 50 per cent in respect of others.
Question : 2
Which among the following gives a justification about the fact that “ Green Revolution has not been green as it made out to be” ?
- It confined only to wheat
- It confined to selected areas only
- It helped only big farmers
a) 1, 2 & 3
b) Only 1
c) 1 & 2
d) 2 & 3
Answer »Answer: (c)
Question : 3
In which five year plan was NABARD was established?
a) Fifth
b) Sixth
c) First
d) Eighth
Answer »Answer: (b)
NABARD was established in Sixth Five Year Plan.
Question : 4
On which of the following item groups, is the share of food expenditures increasing at the fastest rate in India?
a) Pulses
b) Milk and its Products
c) Cereals
d) Vegetables
Answer »Answer: (b)
Milk and milk products exhibited high rates of inflation recently.
Pulses, MFE, and milk and milk products which together constituted around 30 per cent of the total food expenditure in 2009-10 (2004-05=100, as per the 66th NSSO Round) were responsible for around 42 per cent of food inflation during the latter period.
This signifies that protein sources of food, both plant and animal, have emerged as an important driver of food inflation in the recent periods.
Question : 5
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
Answer »Answer: (a)
Question : 6
Consider the following statements ;
- The Union Government fixes the Statutory Minimum Price of sugarcane for each sugar season
- 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
Answer »Answer: (a)
GET Agriculture Sector, Subsidy and Food Processing PRACTICE TEST EXERCISES
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Agriculture Sector, Subsidy and Food Processing Shortcuts and Techniques with Examples
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