agriculture sector subsidy & food processing section 7 MCQ Questions & Answers Detailed Explanation

Answer: (d)

Answer: (b)

In the given statements, India is meeting 85% of the urea fertilizer through indigenous production is correct.

However, we are deficient in phosphatic and potassic resources and around 90% is imported.

Answer: (c)

The growth performance of the agriculture sector has been fluctuating across the plan periods. It witnessed a growth rate of 4.8 per cent during the Eighth plan period (1992–97).

Answer: (a)

National seed policy was announced in 2002. National seed policy is based on the recommendations of the M.V. Rao committee in 2002.

The Policy is meant to “strengthen the seed industry’’ in view of the liberalisation in the farm sector under the World Trade Organisation. The policy seeks to provide intellectual property protection to stimulate investment in the research and development of new plant varieties.

Answer: (c)

Committee to review the arrangements for institutional credit for agriculture and rural development (CRAFICARD) under the Chairmanship of Shri B. Sivaraman, recommended the formation of the National Bank for Agriculture and Rural Development (NABARD).

The bank came into existence on 12 July 1982. It is limited to the need for agriculture and rural finance.

Answer: (b)

Livestock contributes 25 per cent of gross value added in the agriculture sector and provides self-employment to about 21 million people.

Growth of livestock output averaged 4.8 per cent per annum during the Eleventh Plan recovering from an average of 3.6 per cent in the Ninth and the tenth Plans.