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 : 31
Consider the following statements:
- Minimum Export Price (MEP) is the price below which exports are not permitted
- MEP is imposed to curb the price rise and prevent disruptions in domestic supply
- Minimum Import Price (MIP) is the price below which imports are not allowed
- MIP is imposed to curb imports and protect domestic producers
a) (ii), (iii) & (iv) only
b) (i) & (iii) only
c) (ii) & (iii) only
d) All of the above
Answer »Answer: (d)
Question : 33
Consider the following statements :
- Agriculture including allied activities accounted for about 55% employment in the country according to census 2011.
- The growth in agriculture and allied sectors is a necessary condition for inclusive growth in India.
a) Both 1 and 2
b) 1 only
c) 2 only
d) Neither 1 nor 2
Answer »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 »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 »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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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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