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

Answer: (d)

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.

Answer: (a)

Disguised unemployment in India exists in agricultural sector.

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.

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.

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