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

Questions : With reference to the agriculture sector of India, consider the following statements
  1. Rural Infrastructure Development Fund disperses loans to the states to complete the minor irrigation projects.
  2. Rural Infrastructure Development Fund is managed by the public sector Commercial Banks.
Which of the statements given above is/are correct?

(a) Both 1 and 2

(b) 1 only

(c) 2 only

(d) Neither 1 nor 2

The correct answers to the above question in:

Answer: (b)

Rural Infrastructure Development Fund (RIDF) was instituted in NABARD with an announcement in the Union Budget 1995-96 with the sole objective of giving low-cost fund support to State governments and state-owned corporations for quick completion of ongoing projects relating to medium and minor irrigation, soil conservation, watershed management and other forms of rural infrastructure.

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Question : 1

First Agricultural University in India was established in

a) Kanpur

b) Kumarganj, Faizabad

c) Jabalpur

d) Pant Nagar

Answer: (d)

G. B. Pant University of Agriculture and Technology (GBPUA&T, Pant Nagar, Uttara Khand) is the first agricultural university in India.

It was inaugurated by Jawahar Lal Nehru on 17 November 1960.

Question : 2

Consider the following statements:

  1. Horticulture production is more than food grain production in India in the last few years
  2. Agriculture credit target for the year 2020-21 has been set at Rs. 15 lakh crores in the budget
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)

Horticulture production surpassed food grain (wheat, rice, pulses and coarse grains) production since 2012-13. In 2018-19, horticulture production was 311 MT and food grain production was 284 MT.

The (budget) target of farm/agriculture credit for the year 2020-21 is Rs. 15 lakh crores as compared to Rs. 13 lakh crores in 2019-20.

Question : 3

Which of the following statement is correct according to Zamindari System?

  1. The Zamindari System prevailed in Bengal, Bihar, Orissa.
  2. It was introduced by the East India Company and under it, a class of revenue collectors, called zamindars, was created.
  3. Revenue was ‘settled’ by the government with zamindars, either permanently or temporarily.
  4. Revenue was ‘settled’ by the.

a) I & III

b) I, II & IV

c) I & II

d) I, II & III

Answer: (d)

The Zamindari System prevailed in Bengal, Bihar, Orissa and North Madras. It was introduced by the East India Company and under it, a class of revenue collectors, called zamindars, was created.

These zamindars acted as intermediaries between the cultivators and the government. Revenue was ‘settled’ by the government with zamindars, either permanently or temporarily.

Question : 4

Consider the following statements:

  1. The Union Government fixes the statutory minimum price of sugarcane for each sugar season.
  2. Sugar and sugarcane are essential commodities under the Essential Commodities Act.
Which of these statements is/are correct?

a) 1 and 2 both

b) 1 only

c) 2 only

d) None

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 : 5

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: (a)

Question : 6

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: (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).

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