agriculture sector subsidy & food processing section 5 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
“Private Entrepreneurs Guarantee Scheme” is related to which of the following?
a) Export promotion
b) Construction of Godowns in PPP mode
c) Construction of Mega Food Parks by private developers
d) Promotion of MSMEs
Answer »Answer: (b)
Private Entrepreneurs Guarantee (PEG) Scheme was formulated in 2008, for construction of storage godowns in Public-Private Partnership (PPP) mode through private entrepreneurs, Central Warehousing Corporation (CWC) and State Warehousing Corporations (SWCs) to overcome storage constraints and ensure safe stocking of food grains across the country.
Assessment of additional storage capacities required under the scheme is based on the overall procurement/ consumption pattern and storage space already available.
Under the PEG scheme, no funds are allocated by the Central Government for the construction of godowns and full investment is done by the private parties/CWC/State Agencies by arranging their own funds and also the land.
After a godown is constructed and taken over, FCI gives a guarantee of rent for 10 years in the case of private investors and for 9 years in the case of CWC/SWCs/State Agencies, irrespective of the quantum of food grains stored.
Question : 3
Recently the term “Economic Threshold Limit” was there in the news. It is related to which of the following?
a) Pest management for crops
b) Potential GDP growth
c) Capacity utilization of the economy
d) Underground water level
Answer »Answer: (a)
In integrated pest management, Economic Threshold Limit is the insect’s population level or extent of crop damage at which the value of the damaged crops exceeds the cost of controlling the pests.
Central Institute of Cotton Research (CICR), Nagpur, in June 2019 said that the Pink Bollworm infestation on cotton crops has crossed the “Economic Threshold limit” in some parts of Maharashtra.
Question : 4
Consider the following statements regarding “Central Issue Price” (CIP):
- It is the price at which food grains are issued to the state governments
- It is fixed by the Food Corporation of India
- The present CIP for rice and wheat is Rs. 3/kg and Rs. 2/kg respectively
a) (i) & (iii) only
b) (i) only
c) (ii) & (iii) only
d) (iii) only
Answer »Answer: (a)
Central Issue Price (CIP) is the price at which food grains (wheat and rice) are issued to the state governments/ UTs from the central pool at uniform prices for distribution under TPDS.
CIP is fixed by the Department of Food and Public Distribution, Ministry of Consumer Affairs, Food and Public Distribution. CIP for rice and wheat has been fixed at Rs. 3/kg and Rs. 2/kg respectively in the National Food Security Act 2013, which should be revised in three years.
The eligible households get the food grains at the same price of Rs. 3/kg rice, Rs. 2/kg wheat and Rs. 1/kg coarse grains.
Question : 5
The percentage of the agricultural land is very high in all the following except –
a) Punjab
b) Haryana
c) Uttar Pradesh
d) Sikkim
Answer »Answer: (d)
The percentage of the agricultural land is very high in all the given states except Sikkim. Approximately it is Haryana 4402000 (hectare), Punjab (5033000 Hectares) UP (29767000 Hectares) and Sikkim 710000 Hectares
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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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