agriculture sector subsidy & food processing section 6 MCQ Questions & Answers Detailed Explanation

Question : 1

Consider the following statements :

1. Minimum Wages Act is only applicable to the scheduled employments of the centres and the states.
2. Minimum Wages Act has allowed discrimination between male and female workers or different minimum wages for them.

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

Question : 2

Which of the statement is correct regarding Land Development Banks?

1. It provides long-term rural credit for land improvement, soil conservation and other investments of a capital nature.
2. LDBs have now been renamed as State Co-operative Agricultural and Rural Development Banks (SCARDBs)
3. They raise their funds through long-term debentures offering state government guarantees and refinancing from NABARD.

a) Only II

b) I & II

c) II & III

d) All the above

Question : 3

NABARD was established in the

a) Fifth Five Year Plan

b) Fourth Five Year Plan

c) Sixth Five Year Plan

d) Eighth Five Year Plan

Question : 4

What are the main objectives of an agriculture price policy?

1. To ensure that the producer gets a minimum remunerative price.
2. To maintain reasonable terms of trade between agricultural sectors.
3. To maintain the general price level and protect the non-producing consumer from violent fluctuations in the price of food grains.

a) All the above

b) Only I

c) I & II

d) None of the above

Question : 5

What is the main aim of the Agriculture and Allied sector in the approach paper to the Twelfth Five Year Plan?

a) To achieve the growth rate of more than 5%.

b) To achieve the target of compounded GDP growth rate of 58%.

c) Redouble the efforts to ensure 4% average growth.

d) Redouble the efforts to ensure 6% average growth.

Question : 6

Consider the following reasons :

1. Lack of irrigation facilities, low productivity of land.
2. Single crop mode of cultivation.
3. Indian Agriculture gamble on the monsoon.

a) 1 and 3

b) 2 and 3

c) 1, 2 and 3

d) 2 only