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

Answer: (a)

The growth in agriculture and allied sectors is a necessary condition for inclusive growth in India. Agriculture including allied activities accounted for about 55% of employment in the country according to Census 2011.

Answer: (a)

The farm power availability in India is much lower than that of Korea. India is meeting 85% of the urea fertilizer through indigenous production. However, we are deficient in phosphatic and potassic resources and around 90% is imported.

Answer: (d)

Regarding minimum support price neither of the statements given above is correct.

In order to help the farmers in getting remunerative prices for their produce with a view to encourage higher investment and also to increase production and productivity of a commodity, the Government of India declares Minimum Support Price (MSPs) for 25 notified agricultural commodities for each Kharif and Rabi crop.

Moreover, the common paddy does not have a higher minimum support price than the paddy Grade-A.

Answer: (b)

The Central Food Technological Research Institute (CFTRI) is situated in Mysore. It is a constituent laboratory of Council of Scientific and Industrial Research, New Delhi and came into existence during 1950.

Answer: (d)

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.