agriculture sector subsidy & food processing section 8 Practice Questions Answers Test with Solutions & More Shortcuts

Answer: (b)

A Kisan Credit Card is a credit card to provide affordable credit for farmers in India.

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 short term credit.

The farmers can use cards to withdraw from most of the banks like commercial banks, cooperative banks and regional rural banks.

Answer: (d)

The outbreak of devastating epiphytotic brown spot disease of rice (Helminthosporium spp) in 1942 in the then Bengal Province (the areas of which are now in the state of West Bengal in India and Bangladesh resulted in a serious shortage of rice.

Added to this, the failure of the civil administration to cope with such a disastrous situation culminated in what was called the Great Bengal Famine of 1943. With this background, the Central Government, in the year 1944, decided to intensify research on all aspects of rice crop. In 1945, the Government of India decided to establish a central Institute for rice research.

As a result, the Central Rice Research Institute (CRRI) was set up on 23 April 1946 at Bidhyadharpur, Cuttack, Odisha with experimental farmland of 60 hectares provided by the Government of Orissa.

Subsequently, in 1966, the administrative control of the institute was transferred to the Indian Council of Agricultural Research (ICAR).

Answer: (d)

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. Not all states levy agricultural income tax.

Answer: (d)

RADP was launched by the government as a pilot scheme under RKVY, focusing on small and marginal farmers and farming systems.

It targets integrated farming, on-farm water management, storage marketing and value addition of farm produce in order to enhance farmers’ income in rainfed areas.

Answer: (c)

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

It was established on 12 July 1982 in the sixth five-year plan and its main focus was to uplift rural India by increasing the credit flow for elevation of agriculture and rural non-farm sector and laying down policies and overseeing the operations of the RRBs.

Moreover, Regional Rural Banks grant direct loans and advances to marginal farmers and rural artisans. So both statements are correct.