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
agriculture sector subsidy & food processing section 6
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 : 31
Which one of the following agencies is not included in the operation of the Kisan Credit Cards?
a) Regional Rural Banks
b) Scheduled Commercial Banks
c) Co-operative Banks
d) NABARD
Answer »Answer: (d)
A Kisan Credit Card is a credit card to provide affordable credit for farmers. It was started by the Government of India, Reserve Bank of India (RBI), and National Bank for Agricultural and Rural Development (NABARD) in 1998–99 to help farmers access timely and adequate credit.
The credit is available to farmers in most of the banks like commercial banks cooperative banks and regional rural banks. However, in day to day operations, NABARD is not included.
Question : 32
Public Distribution System (PDS) means distribution of essential commodities to a large number of people through a network of Fair Price Shops on a recurring basis. The Commodities distributed under PDS are:
- Wheat
- Rice
- Sugar
- Pulses
- Kerosene
a) 1, 2, 3 and 5
b) 1,2 and 4
c) 1, 2, 3 and 4
d) All of the above
Answer »Answer: (a)
The commodities distributed under PDS are as follows:-
- Wheat
- Rice
- Sugar
- Kerosene
Question : 34
What are the primary defects in the system of agricultural marketing in India?
- Inadequate warehouses
- Lack of grading and standardization
- Inadequate transport facilities
- Presence of a large number of middlemen
a) Only IV
b) I & II
c) I, II & III
d) All the above
Answer »Answer: (d)
Question : 35
Consider the following statements :
- Farm Income Insurance scheme at the beginning covered only rice and wheat crops.
- National Agricultural Insurance scheme is withdrawn from the crops which are covered under the farm Income Insurance scheme.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (c)
The Central Government formulated the Farm Income Insurance Scheme (FIIS) during 2003-04. The scheme provided income protection to the farmers by insuring production and market risks.
Initially, the scheme covered only wheat and rice and was compulsory for farmers availing crop loans. NAIS was withdrawn for the crops covered under FIIS.
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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
-
» Taxes Types, Methods & Budgeting Process
-
» Banking, Security Market & Insurance
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