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
List I | List II |
(Banks) | (Percentage) |
I. Commercial bank | a. 28 % |
II. RRB’s | b. 61 % |
III. Co-operative banks | c. 11 % |
(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
The correct answers to the above question in:
Answer: (b)
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Read more agriculture sector subsidy and food processing Based Indian Economy Questions and Answers
Question : 1
Which statement is correct regarding AICIL?
- 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.
- It seeks to provide insurance coverage and financial support to the farmers in the failure of any of the notified crops.
- 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
Answer »Answer: (d)
Agriculture Insurance Company of India Limited 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.
It seeks to provide insurance coverage and financial support to the farmers in the failure of any of the notified crops.
Question : 2
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
Answer »Answer: (d)
Question : 3
Consider the following statements regarding Urea subsidy:
- The subsidy amount is transferred directly into the farmer's account
- The per kg subsidy amount is fixed and does not change with market fluctuation
- The price of Urea is regulated by the government
a) (iii) only
b) (i) & (ii) only
c) (ii) & (iii) only
d) All of the above
Answer »Answer: (a)
The subsidy amount is transferred into fertilizer’s company account upon verification of sale to farmers through Aadhaar.
The price of Urea is regulated by Central Government and it is Rs. 5.36/kg and the per kg subsidy by the government varies with the market fluctuations in the price of Nitrogen and other costs.
Question : 4
Which of the following are the objectives of the Commission for Agricultural Costs and Prices (CACP)?
- To stabilize agricultural prices
- To ensure meaningful real income levels to the farmers
- To protect the interest of the consumers by providing essential agricultural commodities at reasonable rates through public distribution system.
- 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 »Answer: (b)
Question : 5
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 »Answer: (a)
A study conducted in 2014 found that there are three specific characteristics associated with high-risk farmers:
- “those that grow cash crops such as coffee and cotton;
- those with ‘marginal’ farms of less than one hectare; and
- 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 : 6
The Bonded Labour System (Abolition) Act was legislated in
a) 1976
b) 1977
c) 1974
d) 1978
Answer »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.
GET Agriculture Sector, Subsidy and Food Processing PRACTICE TEST EXERCISES
agriculture sector subsidy & food processing section 1
agriculture sector subsidy & food processing section 2
agriculture sector subsidy & food processing section 3
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agriculture sector subsidy & food processing section 5
agriculture sector subsidy & food processing section 6
agriculture sector subsidy & food processing section 7
agriculture sector subsidy & food processing section 8
agriculture sector subsidy & food processing section 9
agriculture sector subsidy & food processing section 10
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