agriculture sector subsidy & food processing section 5 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 26

Consider the following statements ;

1. The Union Government fixes the Statutory Minimum Price of sugarcane for each sugar season
2. Sugar and sugarcane are essential commodities under the Essential Commodities Act.

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2

Question : 27

Which among the following is an example of Green Field Investment?

a) Investment made by a company in a new factory complex in a remote land of the country where there was no facilities

b) Investment made by a real estate company in agriculture land to develop it later when the land prices increase

c) Investment made by a company to clean up a cement factory located in populated area because of its pollution and using it for a commercial office purpose

d) Investment made by a company to clean up a cement factory located in populated area because of its pollution and using it for a residential purpose

Question : 28

On which of the following item groups, is the share of food expenditures increasing at the fastest rate in India?

a) Pulses

b) Milk and its Products

c) Cereals

d) Vegetables

Question : 29

Consider the following statements :

1. In India, the Nutrient Based Subsidy (NBS) policy for fertilizers was implemented in 2010.
2. The Nutrient Based Subsidy (NBS) policy for fertilizers is applied only to Phosphorus based fertilizers.

a) 2 only

b) 1 only

c) Both 1 and 2

d) Neither 1 nor 2

Question : 30

Consider the following statements

1. Farm Income Insurance Scheme at the beginning covered only rice and wheat crops.
2. National Agricultural Insurance Scheme is withdrawn from the crops which are covered under the Farm Income Insurance Scheme.

a) Only 2

b) Only 1

c) Both 1 and 2

d) Neither 1 nor 2