agriculture sector subsidy & food processing section 7 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

Questions : Which of the following has not been a component of the agriculture strategy that brought about the Green Revolution?

(a) Guaranteed maximum prices

(b) Greater intensity of crops

(c) New agricultural technology

(d) Package of inputs

The correct answers to the above question in:

Answer: (a)

‘Guaranteed maximum prices’ has not been a component of the agriculture strategy that brought about the Green Revolution.

The strategy aimed at increasing the yield of crops using fertilizer, pesticides and high yielding varieties in agriculture.

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Read more agriculture sector subsidy and food processing Based Indian Economy Questions and Answers

Question : 1

Which of the following is an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas ?

a) NABARD

b) RBI

c) SIDBI

d) RRB

Answer: (a)

Question : 2

The Bonded Labour System (Abolition) Act was legislated in

a) 1976

b) 1977

c) 1974

d) 1978

Answer: (a)

The Bonded Labour System (Abolition) Act, 1976 was enacted to provide for the abolition of bonded labour system with a view to preventing the economic and physical exploitation of the weaker sections of the society.

It freed all the bonded labourers from bondage with simultaneous liquidation of their debts. It made the practice of bondage a cognisable offence punishable by law.

The Act is being administered and implemented by the Ministry of Labour and the State governments concerned.

Question : 3

Which one of the following crops has been exceeding target since 2004-05 in India but its growers have been committing suicide in large numbers in many parts of the country every year?

a) Cotton

b) Pulse

c) Oilseeds

d) Wheat

Answer: (a)

A study conducted in 2014 found that there are three specific characteristics associated with high-risk farmers:

  1. “those that grow cash crops such as coffee and cotton;
  2. those with ‘marginal’ farms of less than one hectare; and
  3. those with debts of 300 Rupees or more.”

The study also found that the Indian states in which these three characteristics are most common had the highest suicide rates and also accounted for “almost 75% of the variability in state-level suicides.

Question : 4

Consider the following statements:

  1. Department of fisheries is under the Ministry of Agriculture and Farmers’ welfare
  2. Department of Animal Husbandry and dairying is under the Ministry of Agriculture and Farmers’ Welfare
  3. Department of Agriculture and Cooperation released the 20th Livestock Census
Select the correct answer using the code given below:

a) All of the above

b) (i) only

c) (i) & (ii) only

d) None of the above

Answer: (d)

A separate ministry “Ministry of Fisheries, Animal Husbandry and Dairying” has been carved out of “Ministry of Agriculture and Farmers’ Welfare”

‘Department of Fisheries’ is under “Ministry of Fisheries, Animal Husbandry and Dairying”

‘Department of Animal Husbandry and Dairying’ is under “Ministry of Fisheries, Animal Husbandry and Dairying”

Department of Animal Husbandry and Dairying, under “Ministry of Fisheries, Animal Husbandry and Dairying” released the 20th Livestock Census.

Question : 5

Indian agriculture is typically

a) Land surplus, labour surplus economy

b) Land surplus, labour scare economy

c) Land scare, labour surplus economy

d) Land scare, labour scare economy

Answer: (c)

Indian agriculture is typically characterised as land scare, labour surplus economy. India has high man/land ratio. There are large number of skilled labours but there is absence of land or capital.

Question : 6

Consider the following statements :

  1. Central warehousing corporation is responsible for the construction and running of the godowns for storage of agriculture products.
  2. Central warehousing corporation of India was established in 1957.
Which of the statements given above is/are correct?

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2

Answer: (a)

CWC is a Warehousing Agency in India, established in 1957. It provides logistics support to the agricultural sector.

CWC is operating 464 Warehouses across the country with a storage capacity of 10.54 million tonnes providing warehousing services for a wide range of products ranging from agricultural produce to sophisticated industrial products.

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