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

MOST IMPORTANT indian economy mcq - 10 EXERCISES

Top 30,000+ Indian Economy Memory Based Exercises

The following question based on Agriculture Sector, Subsidy and Food Processing topic of indian economy mcq

Questions : Which among the following is the largest food item imported by India?

(a) Food Grains

(b) Vegetable Oils

(c) Milk and Dairy Products

(d) Meat and Poultry products

The correct answers to the above question in:

Answer: (b)

Practice Agriculture Sector, Subsidy and Food Processing (agriculture sector subsidy & food processing section 7) Online Quiz

Discuss Form

Valid first name is required.
Please enter a valid email address.
Your genuine comment will be useful for all users! Each and every comment will be uploaded to the question after approval.

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

Question : 1

To address the problem of sustainable and holistic development of rainfed areas, including appropriate farming and livelihood system approaches, the government of India has set up the

a) National Watershed Development Project for Rainfed Areas

b) National Mission on Rainfed Areas

c) National Rainfed Area Authority

d) Command Area Development and Water Management Authority

Answer: (c)

Question : 2

Consider the following statements about the National Cooperative Marketing Federation of India Limited (NAFED).

  1. NAFED promotes inter-state trade as well as the export of certain agricultural commodities to many foreign countries.
  2. NAFED is responsible for the movement of the essential commodities from surplus areas to scarcity areas.
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)

National cooperation marketing federation of India limited NAFED promotes cooperative marketing, promotes the inter-state trade as well as export of certain agricultural commodities to many foreign countries.

It is responsible for stabilizing the prices of commodities and thus responsible for the movement of the essential commodities from surplus areas to scarcity areas.

Question : 3

Which statement is correct regarding NAIS?

  1. It is a central sector, government-sponsored crop insurance scheme, in operation since 1999.
  2. It provides financial support to the farmers in the failure of any of the crops.
  3. The AICIL is the implementing agency of this scheme.

a) Only III

b) I & II

c) Only II

d) All the above

Answer: (d)

National Agricultural Insurance Scheme is a central sector, government-sponsored crop insurance scheme, in operation since 1999.

This scheme aims at tackling the issue of production risk faced by the agricultural sector. It provides financial support to the farmers in the failure of any of the crops.

The AICIL is the implementing agency of this scheme. NAIS has been further modified as MNAIS with the aim of further helping the farm sector.

Question : 4

Swaroop Committee is associated with

a) sugar marketing

b) financial products marketing

c) banking

d) capital marketing

Answer: (b)

Swaroop Committee recommended the noentry load structure for insurance products. So it is associated with financial products marketing.

Question : 5

An objective of the National Food Security Mission is to increase the production of certain crops which are

a) Rice, wheat and pulses only

b) Rice and wheat only

c) Rice, wheat, pulses and oil seeds only

d) Rice, wheat, pulses, oil seeds and vegetables

Answer: (a)

‘National Food Security Mission’, had been launched from the rabi season 2007–08 to increase the production of rice by 10 million tons, wheat by 8 million tons pulse by 2 million tons decided by National Development Council.

Question : 6

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: (a)

Recently Added Subject & Categories For All Competitive Exams

Syllogism Practice Questions Answers PDF - IBPS Clerk 2024

Practice Verbal Reasoning Syllogism multiple choice questions and answers with Fully solved explanation, PDF for the IBPS Clerk Prelims 2024 Bank Exam

16-May-2024 by Careericons

Continue Reading »

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

14-May-2024 by Careericons

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

13-May-2024 by Careericons

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

11-May-2024 by Careericons

Continue Reading »