agriculture sector subsidy & food processing section 10 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 : 21
Consider the following statements:
- 14 major dairying states account for more than 90% of India’s Milk Production
- National Dairy Plan was launched to improve the quality of Milch animals in these 14 states
a) Both 1 and 2 are correct
b) Only 1 is correct
c) Only 2 is correct
d) Neither 1 nor 2 is correct
Answer »Answer: (b)
Question : 22
Which is the agency the Government has engaged to grade and standardise various products?
a) Directorate of Marketing and Inspection
b) Food Corporation of India
c) Bureau of Indian Standards
d) Central Statistical Organisation
Answer »Answer: (a)
The Directorate of Marketing and Inspection (DMI) headed by the Agricultural Marketing Advisor, Department of Agriculture & Co-operation (DAC) implements agricultural marketing policies and programmes of the Government of India.
It undertakes:
- Standardisation,
- Grading and quality control of agricultural and allied produce,
- Market Research and
- Surveys along with other functions.
Question : 23
Which of the following has not been a component of the agriculture strategy that brought about the Green Revolution ?
a) Guaranteed maximum prices
b) New agricultural technology
c) Greater intensity of cropping
d) Package of inputs
Answer »Answer: (a)
Guaranteed maximum prices have not been a component of the agriculture strategy that brought about the Green Revolution.
The strategy aimed at increasing the yield of crops using fertilizer, pesticides and high yielding varieties in agriculture.
Question : 25
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.
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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
-
» Banking, Security Market & Insurance
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