agriculture sector subsidy & food processing section 6 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (c)

National Bank for Agriculture and Rural Development (NABARD) is an apex development bank in India having headquarters based in Mumbai.

It was established on 12 July 1982 in the sixth five-year plan by a special act by the parliament and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture & rural non-farm sector.

Answer: (c)

CWC is a Warehousing Agency in India, established in 1957. It provides logistics support to the agricultural sector.

CWC is operating 464 Warehouses across the country with a storage capacity of 10.54 million tonnes providing warehousing services for a wide range of products ranging from agricultural produce to sophisticated industrial products.

Answer: (d)

For Kharif crops premium is 3.5% of Sum insured for all Oilseed crops and Bajra and 2.5% for all others food crops including pulses.

For Rabi crops, Premium rates are 1.5% for wheat and 2% for all other food crops including pulses and oilseeds.

The premium subsidy will be phased out on a sunset basis in a period of three to five years subject to review of financial results and the response of farmers at the end of the first year of the implementation of the Scheme.

Answer: (c)

Presently, the threat of climate change poses a challenge for sustainable agricultural growth.

This threat is compounded due to accumulated greenhouse gas emissions in the atmosphere, anthropogenically generated through long-term intensive industrial growth and high consumption lifestyles and preferences.

While the international community is collectively engaging itself to deal with this threat, India needs to evolve a national strategy for adapting to climate change and its variabilities in order to ensure ecological sustainability in its socio-economic developmental priorities.

Thus the National Mission for Sustainable Agriculture (NMSA) was launched in 2008 with the objective of promoting Sustainable Agriculture.

Answer: (b)

National Cooperation Marketing Federation of India Limited (NAFED) promotes cooperative marketing, promotes inter-state trade as well as export of certain agricultural commodities to many foreign countries.

It is responsible for stabilizing the prices of commodities and thus responsible for the movement of the essential commodities from surplus areas to scarcity areas.