agriculture sector subsidy & food processing section 1 Practice Questions Answers Test with Solutions & More Shortcuts

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: (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:

  1. Wheat
  2. Rice
  3. Sugar
  4. Pulses
  5. Kerosene
Select the correct option:

a) 1, 2, 3 and 5

b) 1,2 and 4

c) 1, 2, 3 and 4

d) All of the above

Answer: (a)

The commodities distributed under PDS are as follows:-

  1. Wheat
  2. Rice
  3. Sugar
  4. Kerosene

Question : 33

The target for agricultural credit for 2017-18 per person, is fixed at which of the following amounts?

a) Rs. 15 lakhs

b) Rs. 8 lakhs

c) Rs. 10 lakhs

d) Rs. 12 lakhs

Answer: (c)

Question : 34

What are the primary defects in the system of agricultural marketing in India?

  1. Inadequate warehouses
  2. Lack of grading and standardization
  3. Inadequate transport facilities
  4. Presence of a large number of middlemen

a) Only IV

b) I & II

c) I, II & III

d) All the above

Answer: (d)

Question : 35

Consider the following statements :

  1. Farm Income Insurance scheme at the beginning covered only rice and wheat crops.
  2. National Agricultural Insurance scheme is withdrawn from the crops which are covered under the farm Income Insurance scheme.
Which of the statements given above is/are correct?

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

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 NAIS was withdrawn for the crops covered under FIIS.

IMPORTANT indian economy mcq EXERCISES

Agriculture Sector, Subsidy and Food Processing Shortcuts »

Click to Read...

agriculture sector subsidy & food processing section 1 Online Quiz

Click to Start..
1215 Agriculture Sector, Subsidy based indian economy MCQ section 1 question answer explanation pdf

Recently Added Subject & Categories For All Competitive Exams

New 100+ Compound Interest MCQ with Answers PDF for IBPS

Compound Interest verbal ability questions and answers solutions with PDF for IBPS RRB PO. Aptitude Objective MCQ Practice Exercises all competitive exams

02-Jul-2024 by Careericons

Continue Reading »

100+ Mixture and Alligation MCQ Questions PDF for IBPS

Most importantly Mixture and Alligation multiple choice questions and answers with PDF for IBPS RRB PO. Aptitude MCQ Practice Exercises all Bank Exams

02-Jul-2024 by Careericons

Continue Reading »

IBPS Profit and Loss Questions Solved Problems with PDF

Most important Profit and Loss multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Aptitude MCQ Practice Exercises all competitive exams

28-Jun-2024 by Careericons

Continue Reading »

100+ Average Aptitude Questions Answers solutions MCQ PDF

New Average multiple choice questions and answers with PDF for IBPS RRB PO. 100+ Quantitative Aptitude MCQ Practice Exercises all competitive exams

28-Jun-2024 by Careericons

Continue Reading »