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

Question : 1

Match the following total institutional credit to agriculture:

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

Question : 2

Which statement is correct regarding AICIL?

1. It was incorporated in 2002 and is under the administrative control of the Ministry of Finance, Government of India, and under the operational supervision of the Ministry of Agriculture, Government of India.
2. It seeks to provide insurance coverage and financial support to the farmers in the failure of any of the notified crops.
3. It encourages the farmers to adopt progressive farming practices, high-value in-puts and higher technology; to help stabilize farm incomes, particularly in disaster years.

a) Only III

b) I & II

c) II & III

d) All the above

Question : 3

Which among the following states is the highest producer of Soya bean in India?

a) Andhra Pradesh

b) Uttar Pradesh

c) Rajasthan

d) Madhya Pradesh

Question : 4

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

Question : 5

The Bonded Labour System (Abolition) Act was legislated in

a) 1976

b) 1977

c) 1974

d) 1978

Question : 6

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