agriculture sector subsidy & food processing section 7 Practice Questions Answers Test with Solutions & More Shortcuts

Question : 36

Consider the following statements regarding Urea subsidy:

  1. The subsidy amount is transferred directly into the farmer's account
  2. The per kg subsidy amount is fixed and does not change with market fluctuation
  3. The price of Urea is regulated by the government
Select the correct answer using the code given below:

a) (iii) only

b) (i) & (ii) only

c) (ii) & (iii) only

d) All of the above

Answer: (a)

The subsidy amount is transferred into fertilizer’s company account upon verification of sale to farmers through Aadhaar.

The price of Urea is regulated by Central Government and it is Rs. 5.36/kg and the per kg subsidy by the government varies with the market fluctuations in the price of Nitrogen and other costs.

Question : 37

In 1982, the Rural Planning and Credit Cell (RPCC) of Reserve Bank of India was merged to which of the following banks?

a) NABARD

b) SIDBI

c) IDBI

d) RRB

Answer: (a)

Question : 38

An objective of the National Food Security Mission is to increase the production of certain crops which are

a) Rice, wheat and pulses only

b) Rice and wheat only

c) Rice, wheat, pulses and oil seeds only

d) Rice, wheat, pulses, oil seeds and vegetables

Answer: (a)

‘National Food Security Mission’, had been launched from the rabi season 2007–08 to increase the production of rice by 10 million tons, wheat by 8 million tons pulse by 2 million tons decided by National Development Council.

Question : 39

Swaroop Committee is associated with

a) sugar marketing

b) financial products marketing

c) banking

d) capital marketing

Answer: (b)

Swaroop Committee recommended the noentry load structure for insurance products. So it is associated with financial products marketing.

Question : 40

Which among the following is the largest food item imported by India?

a) Food Grains

b) Vegetable Oils

c) Milk and Dairy Products

d) Meat and Poultry products

Answer: (b)

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1221 Food Processing based indian economy MCQ section 7 question answer with explanation pdf

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