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

Answer: (a)

A Kisan Credit Card is a credit card to provide affordable credit for farmers. It was started by the Reserve Bank of India (RBI), and National Bank for Agricultural and Rural Development (NABARD) in 1998–99 to help farmers access timely and adequate credit.

Answer: (c)

National Cooperation Marketing Federation of India Limited (NAFED) promotes cooperative marketing, promotes inter-state trade as well as export of certain agricultural commodities to many foreign countries.

It is responsible for stabilizing the prices of commodities and thus responsible for the movement of the essential commodities from surplus areas to scarcity areas.

Answer: (d)

There are about 20,000 varieties of orchids in the world out of which about 1200 accounts in India. The ecological condition and climate variation in Arunachal Pradesh are so much favourable that the state holds about 60% of the Indian variety of orchids.

Till today about 605 spp. of orchids of Arunachal Pradesh have been identified and the work is in progress. The flowering of orchids depends on seasonal conditions and variations.

Answer: (a)

The former Prime Minister Dr Manmohan Singh announced the launch of Rashtriya Krishi Vikas Yojana at the 53rd meeting of NDC with a Central allocation of Rs. 25,000 crore to increase the share of investment in agriculture in their state plans so as to hike agriculture and allied sector’s growth from the existing 2% to 4%.

7,810.87 crore was the allocation under RKVY for the year 2011-12.

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: (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.