agriculture sector subsidy & food processing section 6 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
(a) Eighth five year plan
(b) Ninth five year plan
(c) Seventh five year plan
(d) Tenth five year plan
The correct answers to the above question in:
Answer: (d)
Practice Agriculture Sector, Subsidy and Food Processing (agriculture sector subsidy & food processing section 6) 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 :
- Minimum Wages Act is only applicable to the scheduled employments of the centres and the states.
- 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
Answer »Answer: (b)
The Minimum Wages Act, 1948 is an Indian legislation enacted by the Parliament of India for statutory fixing of minimum wages to be paid to skilled and unskilled labours of centre and state. Minimum wages Act does not allow discrimination between male and female workers.
Question : 2
Which of the statement is correct regarding Land Development Banks?
- It provides long-term rural credit for land improvement, soil conservation and other investments of a capital nature.
- LDBs have now been renamed as State Co-operative Agricultural and Rural Development Banks (SCARDBs)
- 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
Answer »Answer: (d)
Land Development Banks (LDBs) provide long-term rural credit for land improvement, soil conservation and other investments of a capital nature. LDBs have now been renamed as State Co-operative Agricultural and Rural Development Banks (SCARDBs).
They raise their funds through long-term debentures offering state government guarantees and refinancing from NABARD.
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
Answer »Answer: (c)
National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India having headquarters based in Mumbai.
It was established on 12 July 1982 in the sixth five-year plan by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non-farm sector.
Question : 4
What are the main objectives of an agriculture price policy?
- To ensure that the producer gets a minimum remunerative price.
- To maintain reasonable terms of trade between agricultural sectors.
- 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
Answer »Answer: (a)
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.
Answer »Answer: (c)
The main aim of the agriculture and allied sector in the approach paper to the 12th Five Year Plan is to redouble the efforts to ensure 4% average growth.
Question : 6
Consider the following reasons :
- Lack of irrigation facilities, low productivity of land.
- Single crop mode of cultivation.
- Indian Agriculture gamble on the monsoon.
a) 1 and 3
b) 2 and 3
c) 1, 2 and 3
d) 2 only
Answer »Answer: (c)
GET Agriculture Sector, Subsidy and Food Processing PRACTICE TEST EXERCISES
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agriculture sector subsidy & food processing section 10
Agriculture Sector, Subsidy and Food Processing Shortcuts and Techniques with Examples
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