agriculture sector subsidy & food processing section 7 Practice Questions Answers Test with Solutions & More Shortcuts
Agriculture Sector, Subsidy and Food Processing PRACTICE TEST [10 - EXERCISES]
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Question : 17
Which one of the following states is the first state to impose Agriculture Income Tax in India?
a) Uttar Pradesh
b) Madhya Pradesh
c) West Bengal
d) Bihar
Answer »Answer: (d)
Bihar is the first state to impose agricultural income tax in India. Agricultural income tax is levied on the income from Agriculture.
At present agriculture is subjected to two direct taxes and they are Agricultural Income-tax and Land Tax. They are levied by the state governments. Bihar was the first state in India to levy a tax on agricultural income in 1938.
Question : 19
Where is the Central Food Technological Research Institute (CFTRI) situated ?
a) Karnal
b) Mysore
c) Bangaluru
d) Lucknow
Answer »Answer: (b)
The Central Food Technological Research Institute (CFTRI) is situated in Mysore. It is a constituent laboratory of Council of Scientific and Industrial Research, New Delhi and came into existence during 1950.
Question : 20
In India, which of the following has the highest share in the disbursement of credit to agriculture and allied activities?
a) Co-operative Banks
b) Commercial Banks
c) Regional Rural Banks
d) Microfinance Institutions
Answer »Answer: (b)
In India, commercial banks have the highest share in the disbursement of credit to agriculture and allied activities.The commercial banks disburse around 60% credit followed by cooperative banks around 30% and RRB and others.
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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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