agriculture sector subsidy & food processing section 8 Practice Questions Answers Test with Solutions & More Shortcuts
Agriculture Sector, Subsidy and Food Processing PRACTICE TEST [10 - EXERCISES]
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agriculture sector subsidy & food processing section 10
Question : 26
Which one of the following states is the first state to impose Agriculture Income Tax in India?
a) Uttar Pradesh
b) West Bengal
c) Madhya Pradesh
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 : 27
Which of the following statements are true regarding the SAMPADA scheme?
- It is implemented by Ministry of Agriculture
- It is implemented by Ministry of consumer affairs, food and public distribution
- It will focus on agro-marine processing
a) (ii) & (iii) only
b) (i) only
c) (i) & (iii) only
d) (iii) only
Answer »Answer: (d)
SAMPADA (Scheme for Agro-Marine Processing and Development of Agro-processing clusters) is a Central Sector Scheme with an allocation of Rs. 6000 crore for the period 2016-20.
The objective of the scheme is to supplement agriculture, modernize processing (of marine and agri-produce) and decrease agri-waste.
SAMPADA is an umbrella scheme incorporating ongoing schemes of the government like Mega Food Parks, Integrated Cold Chain and Value Addition Infrastructure, Food Safety and Quality Assurance Infrastructure, etc. and also new schemes like Infrastructure for Agro-processing Clusters, Creation of Backward and Forward Linkages, Creation of Food Processing & Preservation Capacities.
The SAMPADA is a comprehensive package to give a renewed thrust to the food processing sector in the country. It aims at the development of modern infrastructure to encourage entrepreneurs to set up food processing units based on a cluster approach, provide effective and seamless backward and forward integration for the processed food industry by plugging gaps in the supply chain and creation of processing and preservation capacities and modernization/ expansion of existing food processing units.
The objective of the SAMPADA scheme is to supplement agriculture, modernize processing (of marine and agri-produce) and decrease agri-waste. It is implemented by the Ministry of Food Processing Industries.
Question : 28
Consider the followings statements with reference to the ‘Jaivik-kheti portal’:
- It is an E-commerce as well as a knowledge platform
- It is an initiative of the Ministry of Agriculture (MoA)
- Through this portal, buyers can avail organic products at their doorstep at much lower prices
a) (i) & (iii) only
b) (i) & (ii) only
c) (ii) & (iii) only
d) All of the above
Answer »Answer: (d)
Jaivik-kheti portal is a unique initiative of the Ministry of Agriculture (MoA), the Department of Agriculture (DAC) along Metal Scrap Trade Corporation (MSTC) to promote organic farming globally.
It is a one-stop solution for facilitating organic farmers to sell their organic produce and promoting organic farming and its benefits.
Jaivik-kheti portal is an E-commerce as well as a knowledge platform. Buyers can now avail organic products at their doorstep through the portal at much lower prices.
Question : 29
Consider the following statements regarding the ‘National Technical Textile Mission’:
- The aim is to promote our domestic market through research and development
- Our growth in technical textiles is high as compared to the 4% world average growth
a) Both (i) & (ii)
b) (i) only
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (a)
Technical textiles are textiles materials and products manufactured primarily for specific scientific functions and industrial applications rather than for their look and beauty (aesthetic properties) is described as technical textiles.
In a nutshell, technical textiles is any fibre, yarn or fabric produced with a particular purpose and finish for well-defined end-use.
Function wise, Technical textiles are categorized into four main aspects:
- Mechanical functions: Pliability, resilience, tenacity and resistances are considered
- Exchange functions: Substitutes, materials used for separation, heat transfer, and absorptions are looked for
- Utility (for day to day living) functions: Ecosystems and health care products are wisely pooled together to form utility functions
- Protective functions: It includes fabrics that protect/shield us against electrical, IR, UV and chemical harshness
Indian textile segment is estimated at $16 billion which is approximately 6% of the world market size of $250 billion. The penetration level of technical textiles is low in India at 5-10%, against 30-70% in advanced countries. However, the annual average growth of the segment is 12% in India, as compared to 4% world average growth.
CCEA approved setting up of “National Technical Textiles Mission” at a total outlay/budget of Rs. 1480 crore, (it was proposed in the budget 2020-21) which will be implemented for four years starting from 2020-21 and will have four components
Component I: It will focus on research and development and innovation
Component II: The mission will focus on the promotion and development of the domestic market, targeting an average growth of 15-20%
Component III: This component aims at export promotion of technical textiles
Component IV: This component will promote technical education at higher engineering and technology levels
Question : 30
Which one of the following agencies assigns the Agricultural Income Tax to states in India?
a) National Development Council
b) Agriculture Finance Corporation
c) Inter – State council
d) Finance commission
Answer »Answer: (d)
Agricultural income tax to states in India is assigned by the Constitution of India.
The agency responsible for it is the Finance Commission whose function is the distribution of net proceeds of taxes between the Centre and the States, to be divided as per their respective contributions to the taxes.
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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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