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

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Questions : The Bonded Labour System (Abolition) Act was legislated in

(a) 1976

(b) 1977

(c) 1974

(d) 1978

The correct answers to the above question in:

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.

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

Question : 1

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 : 2

Which of the following are the objectives of the Commission for Agricultural Costs and Prices (CACP)?

  1. To stabilize agricultural prices
  2. To ensure meaningful real income levels to the farmers
  3. To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates through public distribution system.
  4. To ensure maximum price for the farmer

a) 1, 3 and 4

b) 1, 2 and 3

c) 1, 2 and 4

d) 2, 3 and 4

Answer: (b)

Question : 3

Match the following total institutional credit to agriculture:

List I List II
(Banks) (Percentage)
I. Commercial bank a. 28 %
II. RRB’s b. 61 %
III. Co-operative banks c. 11 %
Codes: I II III

a) I – c, II – a, III – b

b) I – b, II – c, III – a

c) I – a, II – b, III – c

d) I – b, II –a, III – c

Answer: (b)

Question : 4

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 : 5

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

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.

Question : 6

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.

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