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

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)

NABARD is the apex institution for providing credit facilities to agricultural and rural areas.

It came into existence on July 12, 1982, and took over the functions of the erstwhile Agricultural Credit Development (ACD), Rural Planning and Credit Cell (RPCC) of RBI and the Agricultural Refinance Development Corporation (ARDC).

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.

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.