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

Question : 31

Consider the following statements:

  1. Minimum Export Price (MEP) is the price below which exports are not permitted
  2. MEP is imposed to curb the price rise and prevent disruptions in domestic supply
  3. Minimum Import Price (MIP) is the price below which imports are not allowed
  4. MIP is imposed to curb imports and protect domestic producers
Select the correct answer using the code given below:

a) (ii), (iii) & (iv) only

b) (i) & (iii) only

c) (ii) & (iii) only

d) All of the above

Answer: (d)

Question : 32

Gray Revolution belongs to

a) Milk

b) Oil seeds

c) Fish

d) Fertilizers

Answer: (d)

Gray revolution - Fertilizers.

Question : 33

Consider the following statements :

  1. Agriculture including allied activities accounted for about 55% employment in the country according to census 2011.
  2. The growth in agriculture and allied sectors is a necessary condition for inclusive growth in India.
Which of the statements given above is/are correct?

a) Both 1 and 2

b) 1 only

c) 2 only

d) Neither 1 nor 2

Answer: (a)

The growth in agriculture and allied sectors is a necessary condition for inclusive growth in India.

Agriculture including allied activities accounted for about 55% employment in the country according to census 2011.

Question : 34

Which among the following commodity come under the preview of Open Market Sale Scheme of the Government of India to maintain a minimum buffer stock for meeting the unforeseen exigencies like drought, flood and other natural calamities and also for providing food grains required for Public Distribution System and the other food grain based welfare programmes of the Government?

a) Wheat & Rice

b) Wheat only

c) Wheat , Rice and Pulses

d) Wheat , Rice and Oilseeds

Answer: (a)

Question : 35

Which one of the following agencies is not included in the operation of the Kisan Credit Cards?

a) Regional Rural Banks

b) Co-operative Banks

c) Scheduled Commercial Banks

d) NABARD

Answer: (d)

A Kisan Credit Card is a credit card to provide affordable credit for farmers. It was started by the Government of India, Reserve Bank of India (RBI), and National Bank for Agricultural and Rural Development (NABARD) in 1998–99 to help farmers access timely and adequate credit.

The credit is available to farmers in most of the banks like commercial banks cooperative banks and regional rural banks. However, in day to day operations, NABARD is not included.

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1220 Subsidy and Food Processing based indian economy MCQ section 6 question answer explanation pdf

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