agriculture sector subsidy & food processing section 8 MCQ Questions & Answers Detailed Explanation

Answer: (b)

In India, the commercial banks disburse around 60% credit followed by cooperative banks around 30% and RRB and others.

Answer: (d)

There are seven broad categories of essential commodities covered by the Act. These are

1. Drugs;
2. Fertilizer, inorganic, organic or mixed;
3. Foodstuffs, including edible oilseeds and oils;
4. Hank yarn made wholly from cotton;
5. Petroleum and petroleum products;
6. Raw jute and jute textile;

7. (i) seeds of food-crops and seeds of fruits and vegetables;

   (ii) seeds of cattle fodder; and

   (iii) jute seeds. Recently cotton seed was also included in the list.

Answer: (b)

Rural Infrastructure Development Fund (RIDF) was instituted in NABARD with an announcement in the Union Budget 1995-96 with the sole objective of giving low-cost fund support to State governments and state-owned corporations for quick completion of ongoing projects relating to medium and minor irrigation, soil conservation, watershed management and other forms of rural infrastructure.

Answer: (d)

The term Green Revolution has been used to indicate higher production through enhanced agricultural productivity per hectare.

Answer: (d)

Objectives of the Agriculture Export Policy are as under:

1. To double agricultural exports from ~USD 30+ Billion (2017-18) to ~USD 60+ Billion by 2022 and reach USD 100 Billion in the next few years thereafter, with a stable trade policy regime
2. To diversify our export basket, destinations and boost high value and value-added agricultural exports including a focus on perishables
3. To promote novel, indigenous, organic, ethnic, traditional and non-traditional Agri products exports
4. To provide an institutional mechanism for pursuing market access, tackling barriers and deal with sanitary and phytosanitary issues.
5. To strive to double India’s share in world agri exports by integrating with the global value chain at the earliest
6. Enable farmers to get the benefit of export opportunities in the overseas market

This policy will play a major role in doubling farmers income by 2022

Answer: (a)

1. First Five Year Plan (1951-56)- Agriculture and community development

2. Second Five Year Plan (1956-61)- Heavy Industry

3. Fifth Five Year Plan (1974-79)- Removal of Poverty

4. Ninth Five Year Plan (1997-2002)- Food Security and woman empowerment.