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]
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agriculture sector subsidy & food processing section 10
Question : 36
Which one of the following is correctly matched? Revolution Sector
a) Blue : Fisheries
b) Yellow : Agriculture and Allied Services
c) Rainbow : Industry
d) None of the above
Answer »Answer: (a)
The Blue Revolution is similar to the Green Revolution only that it deals with aquaculture, fish and water preservation for human use.
Question : 37
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 : 38
Consider the following statements :
- Indian Government announces the minimum support price for wheat rice and sugarcane in a year.
- The common paddy has a higher minimum support price than the paddy Grade-A.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (d)
Regarding minimum support price neither of the statements given above is correct.
In order to help the farmers in getting remunerative prices for their produce with a view to encourage higher investment and also to increase production and productivity of a commodity, the government of India declares Minimum Support Price (MSPs) for 25 notified agricultural commodities for each Kharif and Rabi crop.
Moreover, the common paddy does not have a higher minimum support price than the paddy Grade-A.
Question : 39
Green Revolution in India started from
a) Delhi
b) Bengaluru
c) Kanpur
d) Punjab
Answer »Answer: (d)
The Green Revolution in India was a period where Agriculture in India increased its yield due to improved agronomic technology, the main development was higher-yielding varieties of wheat.
Question : 40
Green Revolution in India started from
a) Delhi
b) Bengaluru
c) Kanpur
d) Punjab
Answer »Answer: (d)
India’s program of Green Revolution was led by Dr Dilbagh S. Athwal at Punjab Agriculture University.
The introduction of high-yielding varieties of seeds and the increased use of chemical fertilizers and irrigation led to the increase in production needed to make India self-sufficient in food grains, thus improving agriculture in India.
The methods adopted included the use of high yielding varieties (HYV) of seeds along with the use of modern farming methods.
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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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