agriculture sector subsidy & food processing section 6 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 : 6
What is the main aim of the Agriculture and Allied sector in the approach paper to the Twelfth Five Year Plan?
a) To achieve the growth rate of more than 5%.
b) To achieve the target of compounded GDP growth rate of 58%.
c) Redouble the efforts to ensure 4% average growth.
d) Redouble the efforts to ensure 6% average growth.
Answer »Answer: (c)
The main aim of the agriculture and allied sector in the approach paper to the 12th Five Year Plan is to redouble the efforts to ensure 4% average growth.
Question : 7
What are the main objectives of an agriculture price policy?
- To ensure that the producer gets a minimum remunerative price.
- To maintain reasonable terms of trade between agricultural sectors.
- To maintain the general price level and protect the non-producing consumer from violent fluctuations in the price of food grains.
a) All the above
b) Only I
c) I & II
d) None of the above
Answer »Answer: (a)
Question : 9
Consider the following statements :
- Minimum Wages Act is only applicable to the scheduled employments of the centres and the states.
- Minimum Wages Act has allowed discrimination between male and female workers or different minimum wages for them.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (b)
The Minimum Wages Act, 1948 is an Indian legislation enacted by the Parliament of India for statutory fixing of minimum wages to be paid to skilled and unskilled labours of centre and state. Minimum wages Act does not allow discrimination between male and female workers.
Question : 10
Which of the statement is correct regarding Land Development Banks?
- It provides long-term rural credit for land improvement, soil conservation and other investments of a capital nature.
- LDBs have now been renamed as State Co-operative Agricultural and Rural Development Banks (SCARDBs)
- They raise their funds through long-term debentures offering state government guarantees and refinancing from NABARD.
a) Only II
b) I & II
c) II & III
d) All the above
Answer »Answer: (d)
Land Development Banks (LDBs) provide long-term rural credit for land improvement, soil conservation and other investments of a capital nature. LDBs have now been renamed as State Co-operative Agricultural and Rural Development Banks (SCARDBs).
They raise their funds through long-term debentures offering state government guarantees and refinancing from NABARD.
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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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