agriculture sector subsidy & food processing section 8 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
- The area under foodgrains has declined in the last two decades.
- The average farm size in the country is very small and declining over the years.
(a) 2 only
(b) 1 only
(c) Both 1 and 2
(d) Neither 1 nor 2
The correct answers to the above question in:
Answer: (c)
The area under foodgrains has declined in the last two decades and the average farm size in the country is very small and declining over the years.
Practice Agriculture Sector, Subsidy and Food Processing (agriculture sector subsidy & food processing section 8) Online Quiz
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Read more agriculture sector subsidy and food processing Based Indian Economy Questions and Answers
Question : 1
Consider the following statements :
- Kisan credit card scheme facilitates the short term credits to farmers.
- Kisan credit card is implemented only by the commercial banks of India.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (b)
A Kisan Credit Card is a credit card to provide affordable credit for farmers in India.
It was started by the government of India, Reserve Bank of India (RBI), and National Bank for Agricultural and Rural Development (NABARD) in 1998-99 to help farmers access timely and adequate short term credit.
The farmers can use cards to withdraw from most of the banks like commercial banks, cooperative banks and regional rural banks.
Question : 2
Where is the Central Rice Research Institute located?
a) Kanpur
b) Bangaluru
c) Coimbatore
d) Cuttack
Answer »Answer: (d)
The outbreak of devastating epiphytotic brown spot disease of rice (Helminthosporium spp) in 1942 in the then Bengal Province (the areas of which are now in the state of West Bengal in India and Bangladesh resulted in a serious shortage of rice.
Added to this, the failure of the civil administration to cope with such a disastrous situation culminated in what was called the Great Bengal Famine of 1943. With this background, the Central Government, in the year 1944, decided to intensify research on all aspects of rice crop. In 1945, the Government of India decided to establish a central Institute for rice research.
As a result, the Central Rice Research Institute (CRRI) was set up on 23 April 1946 at Bidhyadharpur, Cuttack, Odisha with experimental farmland of 60 hectares provided by the Government of Orissa.
Subsequently, in 1966, the administrative control of the institute was transferred to the Indian Council of Agricultural Research (ICAR).
Question : 3
Consider the following statements about the Agriculture Income Tax
- Agriculture Income Tax is levied and collected by the Union Government.
- Agriculture Income Tax is levied throughout the country in India.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (d)
Agricultural income tax is levied on the income from Agriculture.
At present agriculture is subjected to – two direct taxes and they are Agricultural Income Tax and Land Tax. They are levied by the state governments. Not all states levy agricultural income tax.
Question : 4
Which of the following statements are true regarding the Model Contract Farming Act 2018?
- It proposes the establishment of State level Contract Farming Authority
- FPOs are allowed to sign contract farming agreements with bulk buyers
a) Both (i) & (ii)
b) (i) only
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (a)
The Model Agricultural Produce and Livestock Marketing (Promotion and Facilitation) Act, 2017 allowed direct sale by farmers to big retailers i.e. contract farming but left out all the provisions relating to contract farming and paved the way for drafting an exclusive model law on the subject of contract farming.)
Accordingly, Govt. drafted Model Agriculture Produce and Livestock Contract Farming and Services (Promotion & Facilitation) Act, 2018 and has asked States to implement the same. Following are important features:
Setting up of an appropriate and unbiased state-level agency called “Contract Farming (Development and Promotion) Authority” to carry out the assigned mandates under the provisions of contract farming and popularize it among the stakeholders.
No rights, title ownership or possession to be transferred or alienated or vested in the contract farming sponsor etc.
Promoting Farmer Producer Organization (FPOs) / Farmer Producer Companies (FPCs) to mobilize small and marginal farmers to benefit from scales of economy in production and post-production activities. (i.e. FPOs can sign contract farming agreements with big retail chains or bulk buyers)
Question : 5
With reference to the agriculture sector of India, consider the following statements
- Rural Infrastructure Development Fund disperses loans to the states to complete the minor irrigation projects.
- Rural Infrastructure Development Fund is managed by the public sector Commercial Banks.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »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.
Question : 6
The government has powers under the Essential Commodities Act, 1955 (EC Act) to declare a commodity as an essential commodity to ensure its availability to people at fair price. The Commodities covered under the Act include:
- Paper
- Hank Yarn
- Fertilizers
- Petroleum and Petroleum Products
- Cotton and Jute seeds
a) 3, 4 and 5
b) 1, 2 and 3
c) 1, and 4
d) 2, 3, 4 and 5
Answer »Answer: (d)
There are seven broad categories of essential commodities covered by the Act. These are
- Drugs;
- Fertilizer, inorganic, organic or mixed;
- Foodstuffs, including edible oilseeds and oils;
- Hank yarn made wholly from cotton;
- Petroleum and petroleum products;
- Raw jute and jute textile;
(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.
GET Agriculture Sector, Subsidy and Food Processing PRACTICE TEST EXERCISES
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agriculture sector subsidy & food processing section 10
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