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

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: (c)

Green revolution’s main focus was on the production of only 2 cereals wheat and rice.

Answer: (d)

Bihar is the first state to impose agricultural income tax in India. Agricultural income tax is levied on the income from Agriculture.

At present agriculture is subjected to two direct taxes and they are Agricultural Income-tax and Land Tax. They are levied by the state governments. Bihar was the first state in India to levy a tax on agricultural income in 1938.

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: (a)

Rapid rate of increase of population and practice of dividing land equally among the heirs are responsible for the decrease of per capita holding of cultivated land in India.

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.