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
- They are apex institution for providing credit facility to agricultural and rural areas.
- These are the most important source of rural credit.
- They provide finance rural credit directly through Regional Rural Banks (RRBs).
(a) Only II
(b) I & II
(c) Only I
(d) None of the above
The correct answers to the above question in:
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).
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Read more agriculture sector subsidy and food processing Based Indian Economy Questions and Answers
Question : 1
Consider the following statements regarding the 20th Livestock Census:
- Uttar Pradesh has the largest number of cattle populations
- Maharashtra has the largest poultry population
a) Both (i) & (ii)
b) (i) only
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (d)
The provisional data for the 20th Livestock Census 2018 was released in Oct 2019 by the Dept. of Animal Husbandry and Dairying under the “Ministry of Fisheries, Animal Husbandry and Dairying”.
As per the data, West Bengal has the largest number of cattle (in the previous census UP had the largest cattle population) and Tamil Nadu has the largest number of poultry. Livestock population increased by 4.6% over Census 2011-12.
Livestock is commonly defined as domesticated animals raised in an agricultural setting to produce labour and commodities such as meat, eggs, milk, fur, leather, and wool.
Livestock (major species) includes Cattle (cows & ox), Buffalo, Sheep, Goat, Pig, Mithun, Yak, Horses & Ponies, Mule, Donkey, Camel etc. which stood at 54 crores in the latest census.
Question : 2
Which statement is correct regarding TPDS?
- It is targeted for rich people.
- It is targeted to poor people.
- This system started when the procurement and issue prices of PDS items saw a rise with the ushering in of economic reforms in the 1990s.
a) II & III
b) I & III
c) Only III
d) None of the above
Answer »Answer: (a)
Targeted PDS (TPDS) means targeting the PDS to the poor. This system started when the procurement and issue prices of PDS items saw a rise with the ushering in of economic reforms in the 1990s.
Question : 3
Which of the following is correct statement?
- Agriculture is the primary occupation in India as it provides direct livelihood to 59% of its labour force
- In India, 75% of below the poverty line (BPL) population lives in rural areas, and is directly or indirectly dependent on agriculture.
- Agriculture contributes to more than 13.7% (2013) of GDP, although this share has progressively declined from 57% in 1950-51.
- In developed countries, like the UK and USA, the share of agriculture in GDP is only around 2%.
a) I, II & III
b) I & II
c) I & III
d) All the above
Answer »Answer: (d)
Question : 4
Disguised unemployment in India exists in
a) Agricultural sector
b) Banking
c) Transport sector
d) Service sector
Answer »Answer: (a)
Disguised unemployment in India exists in agricultural sector.
Question : 5
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 »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 : 6
Consider the following statements:
- All kinds of Development Banks in India appeared Post-Independence
- NABARD is the only agricultural Development Bank in India
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 »Answer: (d)
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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