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) Hyderabad
(b) New Delhi
(c) Lucknow
(d) Mumbai
The correct answers to the above question in:
Answer: (d)
The head office of the National Bank for Agriculture and Rural Development (NABARD) is located in Mumbai. It helps farmers access timely and adequate credit.
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Question : 1
Consider the following statements
- The National Seed Research and Training Centre (NSRTC) has been notified as a Central Seed Testing and Referral Laboratory from April-1-2007.
- The NSRTC has become a member laboratory of the International Seed Testing Association, Zurich, Switzerland since 2007.
a) Only 2
b) Only 1
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (c)
National Seed Research and Training Centre (NSRTC) is located in Varanasi. This institute has been notified as a Central Seed Testing and Referral Laboratory (CSTL), with effect from 1 April 2007.
The primary objective for establishing the NSRTC is to have a separate National Seed Quality Control Laboratory to serve as CSTL and a referral laboratory for courts in India, and also to act as a human resource development centre in the field of seed quality.
The CSTL of the NSRTC has become a member laboratory of the International Seed Testing Association (ISTA), Zurich, Switzerland with effect from 2007.
Question : 2
What are medium-term loans?
- These are provided for a period of fewer than 15 months to meet our expenses of routine farming and domestic consumptions
- These are provided for a period of 15 months to 5 years to purchase agricultural equipment, animals and for land improvements.
- These are provided for a period of more than 5 years.
a) Only III
b) Only II
c) Only I
d) None of the above
Answer »Answer: (b)
These are provided for a period of 15 months to 5 years to purchase agricultural equipments, animals and for land improvements.
Question : 3
NABARD took over the function of which all institutes?
- Agricultural Credit Development (ACD)
- Rural Planning and Credit Cell (RPCC) of RBI
- Agricultural Refinance Development Corporation (ARDC)
- State Co-operative Agricultural and Rural Development Banks (SCARDBs).
a) Only IV
b) I, II & III
c) I & II
d) All the above
Answer »Answer: (b)
Question : 4
Choose the correct statements in the context of Cooperative Banks in India.
- Cooperative Banks operate on no profit no loss basis.
- Cooperative Banks are allowed to operate only in the agriculture sector.
- NABARD is a Cooperative Bank.
a) 1 and 2
b) 1 only
c) 1 and 3
d) All of these
Answer »Answer: (b)
Cooperative Banks operate on no profit no loss basis, and they operate in all sectors including the agriculture sector.
NABARD is not a Cooperative Bank. National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India.
Question : 5
Consider the following statements :
- The farm power availability in India is much lower than that of Korea.
- India is meeting 80% of its Urea requirement through indigenous production.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (c)
The farm power availability in India is much lower than that of Korea. India is meeting 85% of the Urea fertilizer through indigenous production. However, we are deficient in phosphatic and potassic resources and around 90% is imported.
Question : 6
The price at which the Government purchase foodgrains for maintaining the public distribution system and for building up buffer stocks are known as
a) Procurement prices
b) Issue prices
c) Minimum support prices
d) Coiling prices
Answer »Answer: (a)
The price at which the Government purchases foodgrains for maintaining the public distribution system and for building up buffer stocks are known as procurement prices.
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agriculture sector subsidy & food processing section 9
agriculture sector subsidy & food processing section 10
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