agriculture sector subsidy & food processing section 10 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
- Command Area Development (CAD) programme was started in 1995-96.
- CAD was aimed to maximise the agricultural productivity through optimisation of the irrigation of the command areas.
(a) 2 only
(b) 1 only
(c) Both 1 and 2
(d) Neither 1 nor 2
The correct answers to the above question in:
Answer: (a)
The centrally sponsored Command Area Development (CAD) Programme was launched in 1974-75 with the main objectives of improving the utilization of created irrigation potential and optimizing agriculture production and productivity from irrigated agriculture.
Practice Agriculture Sector, Subsidy and Food Processing (agriculture sector subsidy & food processing section 10) Online Quiz
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Read more agriculture sector subsidy and food processing Based Indian Economy Questions and Answers
Question : 1
Consider the following statements :
- Agriculture including allied activities accounted for about 55% employment in the country according to census 2011.
- The growth in agriculture and allied sectors is a necessary condition for inclusive growth in India.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
The growth in Agriculture and Allied sectors is a necessary condition for inclusive growth in India.
Agriculture including Allied activities accounted for about 55% of employment in the country according to census 2011.
Question : 2
Which statement is correct regarding the Food Corporation of India?
- The Food Corporation of India (FCI) was established in 1975.
- It was responsible for securing for the government a commanding position in the food-grain trade.
- By 1979, the corporation was operating in all states as the sole agent of the central government in foodgrain procurement.
a) I & II
b) I & III
c) Only I
d) II & III
Answer »Answer: (d)
The Food Corporation of India (FCI) was established in 1965, as the public sector marketing agency responsible for implementing government price policy through procurement and public distribution operations.
It was responsible for securing for the government a commanding position in the food-grain trade.
By 1979, the corporation was operating in all states as the sole agent of the central government in food-grain procurement.
Question : 3
The impact of the Green Revolution was felt most in the production of
a) pulses
b) oilseeds
c) rice
d) wheat
Answer »Answer: (d)
The introduction of high-yielding varieties of seeds and the increased use of chemical fertilizers and irrigation are known collectively as the Green Revolution.
The impact of the Green Revolution was felt most in the production of wheat. India saw annual wheat production rise from 10 million tons in the 1960s to 73 million in 2006.
Question : 4
Consider the following statements regarding "Warehouse Receipts":
- They are issued as per the Warehousing (Development & Regulation) Act 2007
- Warehousing Development & Regulatory Authority (WDRA) is under the Ministry of Commerce and Industry
- Warehouse receipts are negotiable
- These receipts are govt. recognized and can be used for taking a loan
a) (i), (iii) & (iv) only
b) (i) only
c) (iii) & (iv) only
d) All of the above
Answer »Answer: (a)
A warehouse receipt is a document that proves ownership of a given commodity that is stored in a recognized location, like a warehouse or a godown. Negotiable warehouse receipts (NWRs) allow the transfer of ownership of a commodity stored in a warehouse without having to deliver the physical commodity.
The government of India enacted the Warehousing (Development & Regulation) Act 2007 under which it has constituted the Warehousing Development and Regulatory Authority (WDRA) under the Ministry of Consumer Affairs, Food and Public Distribution for the implementation of the provisions of the Act.
The main objectives of the Act are to make provisions for the development and regulation of warehouses, negotiability of warehouse receipts and related matters. Any person commencing or carrying on the warehousing business and intending to issue Negotiable Warehouse Receipts (NWRs) has to get the warehouse registered with the Warehousing Development & Regulatory Authority (WDRA).
The WDRA checks the warehouse on various parameters and then issues a booklet containing the NWRs. The warehouse then issues these receipts to customers (farmers and people who have stored their produce in the godowns).
As these receipts are recognized by the government, banks can easily grant loans against them. The farmer gets an officially recognized receipt against which he can take a loan from the bank for further farming activities or alternatively sell his produce to a third person by endorsing the receipt, without even taking physical possession.
As per the Act, as of November 2017, WDRA has notified 123 agricultural commodities and 26 horticulture commodities for issuing NWRs. In September 2017, Government launched the Electronic Negotiable Warehouse Receipts (e-NWRs).
Question : 5
Consider the following statements regarding the 'Nutrient Based Subsidy' (NBS) Scheme.
- It is given for phosphatic and potassic fertilizers
- It is given for urea
- The prices of fertilizers under the nutrient-based scheme are regulated by the government
- The subsidy is based on per kg of nutrients present in the fertilizer
a) (i) & (iv) only
b) (i) & (iii) only
c) (ii) & (iii) only
d) (iii) & (iv) only
Answer »Answer: (a)
Nutrient Based Subsidy" is applicable for Phosphatic and Potassic (P&K) fertilizers only and not for Urea which is a Nitrogenous fertilizer. Govt. fixes the subsidy annually based on the per kg of nutrient present in the fertilizer.
As the subsidy given by the Govt. is fixed, so the market price of the fertilizers varies with the change in international prices.
So, market prices are not regulated by the government rather it is decontrolled.
Question : 6
The central nodal agency for implementing the price support operations for commercial crops is:
a) NABARD
b) NAFED
c) TRIFED
d) FCI
Answer »Answer: (b)
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agriculture sector subsidy & food processing section 10
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