agriculture sector subsidy & food processing section 3 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 11

FCI stores the food grains procured for the central pool in the following:

1. FCI’s own godowns
2. Central Warehousing godowns
3. State Warehousing godowns
4. Godowns hired from private sector

a) (ii) & (iv)

b) (i) only

c) (i), (ii) & (iii) only

d) All of the above

Question : 12

Which is not a source of agriculture finance in India?

a) Commercial Banks

b) Regional Rural Banks

c) Co-operative societies

d) None of these

Question : 13

In which five year plan in Indian Economy, the targets for the crop function were not fixed for the first time-

a) Eighth five year plan

b) Seventh five year plan

c) Ninth five year plan

d) Tenth five year plan

Question : 14

What is correct statement with regard to buffer stocking?

1. It is the practice of holding large stocks by government agencies like Food Corporation of India (FCI) and releasing the stocks in the market to counter price rise
2. The buffer stock also helps to maintain the Public Distribution System (PDS).

a) Both I & II

b) Only I

c) Only II

d) None of the above

Question : 15

Which among the following statements is/are true with regard to WTO membership?

1. All WTO members automatically receive the ‘most favoured nation’ status.
2. Over 75% of WTO members are from developing countries, WTO membership allows them access to developed markets at the lower tariff.

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2