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

Questions : Swaroop committee is associated with

(a) Sugar marketing

(b) Banking

(c) financial products marketing

(d) Capital marketing

The correct answers to the above question in:

Answer: (c)

The Committee on Investor Awareness and Protection chaired by Shri D Swaroop, Chairman, Pension Fund Regulatory and Development Authority is associated with the financial products marketing.

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

Question : 1

The National Mission for Saffron has been launched as a sub scheme of which among the following programmes?

a) National Horticulture Mission

b) Rashtriya Krishi Vikas Yojana

c) National Food Security Mission

d) National Cash Crop Programme

Answer: (b)

Three new sub-schemes have been introduced under RKVY from 2010-11, first on extending green revolution to Eastern Region of the country – covering States of Bihar, Chhattisgarh, Jharkhand, Orissa, Eastern UP and West Bengal.

The second subscheme is a special initiative for Pulses and Oilseeds in Dryland Areas during 2010- 11, with an allocation of Rs. 300 crore in the current year.

The third sub-scheme is the National Mission for Saffron-Economic Revival of J&K Saffron Sector with an allocation of Rs. 39.43 crore for the current year.

Question : 2

Consider the following statements:

  1. All kinds of Development Banks in India appeared Post-Independence
  2. NABARD is the only agricultural Development Bank in India
Which among the above statements is / are correct?

a) Both 1 and 2 are correct

b) Only 1 is correct

c) Only 2 is correct

d) Neither 1 nor 2 is correct

Answer: (d)

Question : 3

Which one among the following Agricultural sectors is covered under the Market Intervention scheme (MIS) of the Indian Government?

a) Irrigation

b) Horticulture

c) Forestry

d) Animal Husbandry

Answer: (b)

The Market Intervention Scheme (MIS)is an Adhoc scheme under which horticultural commodities and other agricultural commodities falls which are perishable in nature and are not covered under the minimum price support scheme.

Question : 4

Which one of the following agencies assigns the Agricultural Income Tax to states in India?

a) National Development Council

b) Agriculture Finance Corporation

c) Inter – State council

d) Finance commission

Answer: (d)

Agricultural income tax to states in India is assigned by the Constitution of India.

The agency responsible for it is the Finance Commission whose function is the distribution of net proceeds of taxes between the Centre and the States, to be divided as per their respective contributions to the taxes.

Question : 5

Consider the following statements regarding the ‘National Technical Textile Mission’:

  1. The aim is to promote our domestic market through research and development
  2. Our growth in technical textiles is high as compared to the 4% world average growth
Select the correct answer using the code given below:

a) Both (i) & (ii)

b) (i) only

c) (ii) only

d) Neither (i) nor (ii)

Answer: (a)

Technical textiles are textiles materials and products manufactured primarily for specific scientific functions and industrial applications rather than for their look and beauty (aesthetic properties) is described as technical textiles.

In a nutshell, technical textiles is any fibre, yarn or fabric produced with a particular purpose and finish for well-defined end-use.

Function wise, Technical textiles are categorized into four main aspects:

  1. Mechanical functions: Pliability, resilience, tenacity and resistances are considered
  2. Exchange functions: Substitutes, materials used for separation, heat transfer, and absorptions are looked for
  3. Utility (for day to day living) functions: Ecosystems and health care products are wisely pooled together to form utility functions
  4. Protective functions: It includes fabrics that protect/shield us against electrical, IR, UV and chemical harshness

Indian textile segment is estimated at $16 billion which is approximately 6% of the world market size of $250 billion. The penetration level of technical textiles is low in India at 5-10%, against 30-70% in advanced countries. However, the annual average growth of the segment is 12% in India, as compared to 4% world average growth.

CCEA approved setting up of “National Technical Textiles Mission” at a total outlay/budget of Rs. 1480 crore, (it was proposed in the budget 2020-21) which will be implemented for four years starting from 2020-21 and will have four components

Component I: It will focus on research and development and innovation

Component II: The mission will focus on the promotion and development of the domestic market, targeting an average growth of 15-20%

Component III: This component aims at export promotion of technical textiles

Component IV: This component will promote technical education at higher engineering and technology levels

Question : 6

Consider the followings statements with reference to the ‘Jaivik-kheti portal’:

  1. It is an E-commerce as well as a knowledge platform
  2. It is an initiative of the Ministry of Agriculture (MoA)
  3. Through this portal, buyers can avail organic products at their doorstep at much lower prices
Which of the statements given above is/are correct?

a) (i) & (iii) only

b) (i) & (ii) only

c) (ii) & (iii) only

d) All of the above

Answer: (d)

Jaivik-kheti portal is a unique initiative of the Ministry of Agriculture (MoA), the Department of Agriculture (DAC) along Metal Scrap Trade Corporation (MSTC) to promote organic farming globally.

It is a one-stop solution for facilitating organic farmers to sell their organic produce and promoting organic farming and its benefits.

Jaivik-kheti portal is an E-commerce as well as a knowledge platform. Buyers can now avail organic products at their doorstep through the portal at much lower prices.

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