agriculture sector subsidy & food processing section 7 MCQ Questions & Answers Detailed Explanation
MOST IMPORTANT indian economy mcq - 10 EXERCISES
-
500+ Indian Agriculture Sector GK MCQ Quiz For UPSC IAS »
-
Top 500+ Agriculture Sector MCQ Quiz PDF For SSC RRB IBPS »
-
Indian Agriculture Subsidy & Food Processing MCQ Quiz PDF »
-
Top 500+ Indian Agriculture GK Online MCQ Test For IBPS »
-
New 500+ Indian Food Processing & Subsidy GK MCQ Quiz PDF »
-
500+ Agriculture Subsidy & Food Processing GK MCQ For RRB »
-
500+ Indian Agriculture Schemes GK MCQ For IBPS SSC RRB »
-
Top Indian Primary Sector GDP Impacts Issues MCQ Quiz PDF »
-
600+ Indian Agriculture GK Questions and Answers Quiz PDF »
-
New 499+ Food Processing Questions and Answers For IBPS »
The following question based on Agriculture Sector, Subsidy and Food Processing topic of indian economy mcq
- 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
The correct answers to the above question in:
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.
Practice Agriculture Sector, Subsidy and Food Processing (agriculture sector subsidy & food processing section 7) Online Quiz
Discuss Form
Read more agriculture sector subsidy and food processing Based Indian Economy Questions and Answers
Question : 1
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 : 2
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 : 3
In 1982, the Rural Planning and Credit Cell (RPCC) of Reserve Bank of India was merged to which of the following banks?
a) NABARD
b) SIDBI
c) IDBI
d) RRB
Answer »Answer: (a)
Question : 4
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 % |
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 »Answer: (b)
Question : 5
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 : 6
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.
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
agriculture sector subsidy & food processing section 4
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
Agriculture Sector, Subsidy and Food Processing Shortcuts and Techniques with Examples
Verbal Reasoning
Question & Answer Quiz
Non Verbal Reasoning
Question & Answer Quiz
Quantitative Aptitude
Question & Answer Quiz
Computer MCQ
Question & Answer Quiz
General English
Question & Answer Quiz
History GK
Question & Answer Quiz
Polity GK
Question & Answer Quiz
Geography GK
Question & Answer Quiz
Economy GK
Question & Answer Quiz
General Awareness GK
Question & Answer Quiz
Recently Added Subject & Categories For All Competitive Exams
IBPS Clerk Prelims 2024 Synonyms Questions Solved Answers
Most important IBPS Clerk Prelims 2024 Synonyms and Antonyms multiple choice questions and answers with detailed solutions, English vocabulary PDF Download
Continue Reading »
New Cloze Test Questions and Answers PDF - IBPS Clerk 2024
The most important Cloze Test questions with detailed answers for upcoming IBPS Clerk prelims 2024. Latest English verbal ability practice MCQs, PDF
Continue Reading »
Mensuration Aptitude Practice Mcq Questions IBPS Clerk 2024
Most Important Practice Mensuration aptitude multiple choice questions, answers with detailed solutions, PDF beginner to advanced for IBPS Clerk Prelims 2024
Continue Reading »
Top Clock Aptitude Questions and Answers PDF IBPS Clerk 2024
Recent Important IBPS Clerk Prelims 2024 Aptitude Clock MCQ Questions and answers with easy and logical explanation, PDF. Topic wise Free online practice test
Continue Reading »