agriculture sector subsidy & food processing section 1 Practice Questions Answers Test with Solutions & More Shortcuts
Agriculture Sector, Subsidy and Food Processing PRACTICE TEST [10 - EXERCISES]
agriculture sector subsidy & food processing section 1
agriculture sector subsidy & food processing section 2
agriculture sector subsidy & food processing section 3
agriculture sector subsidy & food processing section 4
agriculture sector subsidy & food processing section 5
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agriculture sector subsidy & food processing section 7
agriculture sector subsidy & food processing section 8
agriculture sector subsidy & food processing section 9
agriculture sector subsidy & food processing section 10
Question : 16
Which of the following statements are correct in accordance to Kisan Credit Cards?
- NABARD formulated a model scheme for issue of Kisan Credit Cards (KCCs) to farmers so that they may use them to readily purchase agricultural inputs such as seeds, fertilizers, pesticides, etc.
- These are operated by only commercial banks.
- The scheme has helped in augmenting the flow of short-term crop loans for seasonal agricultural operations of farmers.
- From January 31, 2006, the scheme has been extended to all types of loan requirements of borrowers of State Cooperative Agriculture Rural Development Banks (SCARDBs).
a) I, III & IV
b) I & II
c) Only IV
d) All the above
Answer »Answer: (a)
NABARD formulated a model scheme for the issue of Kisan Credit Cards (KCCs) to farmers so that they may use them to readily purchase agricultural inputs such as seeds, fertilizers, pesticides, etc.
These are operated by commercial banks, RRBs and cooperative banks.
Question : 18
To address the problem of sustainable and holistic development of rainfed areas, including appropriate farming and livelihood system approaches, the government of India has set up the
a) National Watershed Development Project for Rainfed Areas
b) National Mission on Rainfed Areas
c) National Rainfed Area Authority
d) Command Area Development and Water Management Authority
Answer »Answer: (c)
The union government has constituted a national rainfed area authority on 3rd Nov 2006 to give focused attention to the problems of the rainfed area of the country, It’s mandate is water than mere water conservation and covers all the aspects of sustainable and holistic development of rainfed areas, including appropriate farming and livelihood system approach.
Question : 19
What is the main motive of the government behind having a dual price system & setting up of fair price shops?
a) To incentivise the trading of essential commodities
b) To demote speculation and hoarding
c) To eliminate the monopoly of the traders and speculators
d) To make the essential commodities available to the weaker sections of the society
Answer »Answer: (d)
Question : 20
Which of the following statements are true regarding the "International Fund for Agricultural Development" (IFAD):
- It is a specialized agency of the United Nations
- It is a specialized agency of the World Bank Group
- It focuses on food production in developing countries
- It focuses on eradicating rural poverty in developing countries
a) (ii) & (iii) only
b) (i) & (iii) only
c) (i), (iii) & (iv) only
d) (ii), (iii) & (iv) only
Answer »Answer: (c)
The International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations, was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference.
The conference was organized in response to the food crises of the early 1970s that primarily affected the Sahelian countries of Africa.
It resolved that "an International Fund for Agricultural Development should be established immediately to finance agricultural development projects primarily for food production in the developing countries."
Through low-interest loans and grants, IFAD works with governments to develop and finance programmes and projects that enable rural poor people to overcome poverty.
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Agriculture Sector, Subsidy and Food Processing Shortcuts »
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indian economy MCQ CATEGORIES
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» Introduction to Indian Economy
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» Planning, Economic Development & Five year Plans
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» National Income & Human Development Index
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» Agriculture Sector, Subsidy and Food Processing
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» Industries, Manufacturing & Service Sectors
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» Inclusive growth, Sustainable development and employment
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» Poverty & Unemployment
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» Introduction to Micro Economics
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» Introduction to Macro Economics
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» Macro fundamentals, GDP, Investment, Growth
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» Demand & Supply, Profit Loss, Inflation & Price Index
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» Fiscal Policy, Public Finance and Monetary Policy
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» Money Supply, Banking and Financial Institutions
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» Taxes Types, Methods & Budgeting Process
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» Banking, Security Market & Insurance
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