agriculture sector subsidy & food processing section 4 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 1

Consider the following statements: India continues to be dependent on imports to meet the requirement of oilseeds in the country because

  1. farmers prefer to grow foodgrains with highly remunerative support prices.
  2. most of the cultivation of oilseed crops continues to be dependent on rainfall
  3. oils from the seeds to tree origin and rice bran have remained unexploited
  4. it is far cheaper to import oilseeds than to cultivate the oilseed crops
Which of the statements given above are correct?

a) 3 and 4

b) 1 and 2

c) 1, 2 and 3

d) 1, 2, 3 and 4

Answer: (d)

Question : 2

Consider the following statements:

  1. Most of the wool produced in India is not enough to fulfil demand of the country
  2. Most of the wool produced in India is not of apparel grade
Which among the above statements is are correct?

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: (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: (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: (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: (c)

IMPORTANT indian economy mcq EXERCISES

Agriculture Sector, Subsidy and Food Processing Shortcuts »

Click to Read...

agriculture sector subsidy & food processing section 4 Online Quiz

Click to Start..
1218 Subsidy and Food Processing based indian economy MCQ section 4 question answer explanation pdf

Recently Added Subject & Categories For All Competitive Exams

Number System - Aptitude Problems For IBPS RRB PO Prelims

Free Important 100+ Aptitude Number System practice multiple choice questions and answers test & Quiz PDF for IBPS RRB PO (Officer Scale 1) Prelims 2024 Exam

29-Mar-2024 by Careericons

Continue Reading »

Classification MCQ Test: IBPS RRB PO 2024 Scale-1 Prelims

Free 150+ Classification Verbal Reasoning Multiple choice questions and answers practice test series PDF, Free Quiz For IBPS RRB PO Officer Scale 1 Level 2024

28-Mar-2024 by Careericons

Continue Reading »

100+ Analogy Verbal Questions Answers PDF For IBPS RRB PO

Most Important Analogy Verbal Reasoning Multiple choice questions and answers practice test series PDF & Free Quiz For IBPS RRB PO Officer Scale 1 Level 2024

27-Mar-2024 by Careericons

Continue Reading »

IBPS RRB Clerk 2024 Seating Arrangement Questions Answers

Seating Arrangement: Verbal Reasoning Practice multiple choice questions and answers test & Quiz PDF for IBPS RRB (Assistant Multipurpose) Clerk Prelims 2024

26-Mar-2024 by Careericons

Continue Reading »