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]
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agriculture sector subsidy & food processing section 10
Question : 36
Consider the following statements regarding electronic National Agriculture Market (e-NAM)
- It will ensure that the people get the agri-commodities at the same price over the entire country
- Farmers can sell their agri-produce through e-NAM sitting at their homes without bringing it in the physical APMC mandis
a) Both (i) & (ii)
b) (i) only
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (d)
In an e-NAM sales, traders from all over India could bid and whoever quotes the highest price, the farmer can sell his produce to that trader (it may be across the state).
Then farmer will receive the payment in his account and then only the trader can take the physical product from the mandi. The transportation charge will be on the trader's account.
(Because of the transportation cost involved, e-NAM would not be able to ensure that the people get the agro commodity at the same price across the country. E-NAM will help that the farmers get the same price across different mandis).
Even if a farmer wants to sell his products online through e-NAM, presently, he needs to take the product in physical APMC mandi and then log in to the online portal. Govt is working on the modalities so that the farmers will be able to sell their produce online sitting at their home through their mobile with their physical produce at home, but it may take a year or more.
But on 2nd April 2020, new features were enabled in e-NAM through which:
Farmers stocking their produce in registered warehouses and having Electronic Negotiable Warehouse Receipts (e-NWR), will be able to trade on e-NAM without physically bringing their produce in the APMC mandis.
FPOs can trade their produce on e-NAM, from their collection centre without bringing the produce to APMC mandi.
Question : 37
Consider the following statements :
- India ranks first in the world in dairy milk production.
- The per capita availability of dairy milk in India is more than the per capita availability of the world.
a) 2 only
b) Both 1 and 2
c) 1 only
d) Neither 1 nor 2
Answer »Answer: (b)
The Indian dairy sector has acquired substantial growth momentum from the Ninth Five-Year Plan onwards, as a result of which the country now ranks first among the world’s milk-producing nations.
The per capita availability of milk has reached a level of 337g per day in the year 2017, which is more than the world average of 229g per day.
Question : 38 [NDA/NA-SP-2015-II]
Which of the following statements about the Livestock sector in India is/are correct?
- Livestock contributed about 25 per cent of gross value added to agriculture
- It provides self-employment to a large segment of the population
- The rapid growth of the livestock sector can be egalitarian and inclusive
a) 1 and 2 only
b) 2 and 3 only
c) 3 only
d) 1, 2 and 3
Answer »Answer: (d)
Livestock sector employs 8% of the total labour force of India. It includes many small and marginal families, women and landless agricultural workers.
Out of the total agricultural GDP, the livestock sector contributed about 27% during the financial year 2012-13.
Question : 40
The head office of the National Bank for Agriculture and Rural Development (NABARD) located in
a) Hyderabad
b) Lucknow
c) New Delhi
d) Mumbai
Answer »Answer: (d)
The head office of the National Bank for agriculture and Rural Development (NABARD) is located in Mumbai. It helps farmers access timely and adequate credit.
IMPORTANT indian economy mcq EXERCISES
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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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