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 National Agricultural Insurance scheme is withdrawn from the crops which are covered under the farm Income Insurance scheme.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 NAIS was withdrawn for the crops covered under FIIS.

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1215 Agriculture Sector, Subsidy Based Indian Economy MCQ Section 1 Question Answer Explanation Pdf

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