agriculture sector subsidy & food processing section 9 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
(a) Price Deficiency Payment Scheme
(b) Price Support Scheme
(c) Price Stabilization Scheme
(d) Pilot of Private Procurement and Stockist Scheme
The correct answers to the above question in:
Answer: (c)
PM-AASHA scheme is aimed at ensuring remunerative prices to the farmers for their produce as announced in the Union Budget for 2019.
The new Umbrella Scheme includes the mechanism of ensuring remunerative prices to the farmers and is comprised of three sub-schemes:
- Price Support Scheme
- Price Stabilization Scheme
- The pilot of Private Procurement and Stockist Scheme
Practice Agriculture Sector, Subsidy and Food Processing (agriculture sector subsidy & food processing section 9) Online Quiz
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Read more agriculture sector subsidy and food processing Based Indian Economy Questions and Answers
Question : 1
Which one of the following five year plans has the highest GDP growth rate in Agriculture sector in India ?
a) Seventh Five Year Plan
b) Eighth Five Year Plan
c) Sixth Five Year Plan
d) Ninth Five Year Plan
Answer »Answer: (b)
The growth performance of the agriculture sector has been fluctuating across the plan periods . It witnessed a growth rate of 4.8 per cent during the Eighth plan period (1992–97).
Question : 2
Which among the following has been discontinued after the Cabinet decision in small saving schemes?
a) Kisan Vikas Patras (KVP)
b) National Saving Certificates (NSC)
c) Monthly Income Scheme (MIS)
d) Recurrent Deposit Schemes
Answer »Answer: (a)
Question : 3
Consider the following statements:
- The Union Government fixes the statutory minimum price of sugarcane for each sugar season.
- Sugar and sugarcane are essential commodities under the Essential Commodities Act.
a) 1 and 2 both
b) 1 only
c) 2 only
d) None
Answer »Answer: (a)
The Union Government fixes the statutory minimum price of sugarcane for each sugar season. Sugar and sugarcane are essential commodities under the Essential Commodities Act.
So both statements are correct.
Question : 4
Which statement is correct regarding the Ryotwari system?
- The system was introduced in North India in terms of which the village community was jointly and severally responsible for the payment of rent.
- Zamindars acted as intermediaries between the cultivators and the government.
- Revenue was ‘settled’ by the government with zamindars, either permanently or temporarily.
a) Only II
b) I & II
c) Only III
d) None of the above
Answer »Answer: (d)
Ryotwari System was prevalent in parts of Madras, Bombay province and Assam.
Under this system, the cultivator paid the revenues directly to the state without an intermediary.
Question : 5
In India, which of the following have the highest share in the disbursement of credit to agriculture and allied activities?
a) Co-operative Banks
b) Commercial Banks
c) Regional Rural Banks
d) Microfinance Institutions
Answer »Answer: (b)
In India, commercial banks have the highest share in the disbursement of credit to agriculture and allied activities.
The commercial banks disburse around 60% credit followed by cooperative banks around 30% and RRB and others.
Question : 6
Which of the following statements are true regarding the Model Agriculture Produce and Livestock Marketing Act 2017?
- It allows private wholesale mandi trade
- It allows contract farming
- The law proposes a cap on market/mandi fee
a) (ii) & (iii) only
b) (i) only
c) (ii) only
d) All of the above
Answer »Answer: (d)
As the Agriculture Produce Marketing Committee Acts (APMC) enacted by States did not allow wholesale trade through private mandis and exploited the farmers and consumers both, Central Govt. in April 2017 got a Model Agriculture Produce and Livestock Marketing (APLM) Act 2017 drafted and circulated to States to implement.
Following are the important features:
- Allow private wholesale mandis (rather than just govt mandis in wholesale trade) Allow godowns, warehouses and cold storages to act as markets (this means that earlier they were not allowed to purchase from farmers in bulk and now they can act as private wholesale mandis and can procure in bulk from farmers)
- The model act has also proposed to cap mandi fees (2% for fruits and vegetables and 1% for food grains, this is charged by the mandi operators for the maintenance of mandi)
- Farmers can now directly sell to big retailers (through contract farming)
GET Agriculture Sector, Subsidy and Food Processing PRACTICE TEST EXERCISES
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agriculture sector subsidy & food processing section 9
agriculture sector subsidy & food processing section 10
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