agriculture sector subsidy & food processing section 4 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 : 1
Consider the following statements: India continues to be dependent on imports to meet the requirement of oilseeds in the country because
- farmers prefer to grow foodgrains with highly remunerative support prices.
- most of the cultivation of oilseed crops continues to be dependent on rainfall
- oils from the seeds to tree origin and rice bran have remained unexploited
- it is far cheaper to import oilseeds than to cultivate the oilseed crops
a) 3 and 4
b) 1 and 2
c) 1, 2 and 3
d) 1, 2, 3 and 4
Answer »Answer: (d)
Question : 2
Consider the following statements:
- Most of the wool produced in India is not enough to fulfil demand of the country
- Most of the wool produced in India is not of apparel grade
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: (a)
Question : 3
The Minimum Support Price and procurement prices for agriculture products are fixed by the Government on the recommendations of
a) National Development Council
b) Planning Commission
c) Competition Commission of India
d) Commission for Agricultural Costs and Prices (CACP)
Answer »Answer: (d)
The Commission for Agricultural Costs & Prices (CACP) came into existence in January 1965.
Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.
The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).
Question : 4
Which one of the following schemes is not included in the Rashtriya Krishi Vikas Yojana (RKVY)?
a) Saffron mission
b) National mission for protein supplements
c) Accelerated fodder development programme
d) All of the above
Answer »Answer: (d)
Rashtriya Krishi Vikas Yojana was launched in August 2007 as a part of the 11th Five Year Plan by the Government of India.
Launched under the aegis of the National Development Council, it seeks to achieve 4% annual growth in agriculture through the development of Agriculture and its allied sectors during the period under the 11th Five Year Plan (2007–11).
Question : 5
What will be the ultimate impact on the poor and landless farmers if all of a sudden, government decides to raise the Minimum Support Prices of rice & foodgrains inexorably or excessively?
a) The markets will crash
b) The poor farmers will become rich
c) The poor farmers will get poorer
d) This will encourage the exports of rice and food grains
Answer »Answer: (c)
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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
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» Banking, Security Market & Insurance
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