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]
agriculture sector subsidy & food processing section 1
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agriculture sector subsidy & food processing section 8
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agriculture sector subsidy & food processing section 10
Question : 36
What is NABARD?
- They are apex institution for providing credit facility to agricultural and rural areas.
- These are the most important source of rural credit.
- They provide finance rural credit directly through Regional Rural Banks (RRBs).
a) Only II
b) I & II
c) Only I
d) None of the above
Answer »Answer: (c)
NABARD is the apex institution for providing credit facilities to agricultural and rural areas.
It came into existence on July 12, 1982, and took over the functions of the erstwhile Agricultural Credit Development (ACD), Rural Planning and Credit Cell (RPCC) of RBI and the Agricultural Refinance Development Corporation (ARDC).
Question : 37
Consider the following statements regarding the 20th Livestock Census:
- Uttar Pradesh has the largest number of cattle populations
- Maharashtra has the largest poultry population
a) Both (i) & (ii)
b) (i) only
c) (ii) only
d) Neither (i) nor (ii)
Answer »Answer: (d)
The provisional data for the 20th Livestock Census 2018 was released in Oct 2019 by the Dept. of Animal Husbandry and Dairying under the “Ministry of Fisheries, Animal Husbandry and Dairying”.
As per the data, West Bengal has the largest number of cattle (in the previous census UP had the largest cattle population) and Tamil Nadu has the largest number of poultry. Livestock population increased by 4.6% over Census 2011-12.
Livestock is commonly defined as domesticated animals raised in an agricultural setting to produce labour and commodities such as meat, eggs, milk, fur, leather, and wool.
Livestock (major species) includes Cattle (cows & ox), Buffalo, Sheep, Goat, Pig, Mithun, Yak, Horses & Ponies, Mule, Donkey, Camel etc. which stood at 54 crores in the latest census.
Question : 38
Which statement is correct regarding TPDS?
- It is targeted for rich people.
- It is targeted to poor people.
- This system started when the procurement and issue prices of PDS items saw a rise with the ushering in of economic reforms in the 1990s.
a) II & III
b) I & III
c) Only III
d) None of the above
Answer »Answer: (a)
Targeted PDS (TPDS) means targeting the PDS to the poor. This system started when the procurement and issue prices of PDS items saw a rise with the ushering in of economic reforms in the 1990s.
Question : 39
Which of the following is correct statement?
- Agriculture is the primary occupation in India as it provides direct livelihood to 59% of its labour force
- In India, 75% of below the poverty line (BPL) population lives in rural areas, and is directly or indirectly dependent on agriculture.
- Agriculture contributes to more than 13.7% (2013) of GDP, although this share has progressively declined from 57% in 1950-51.
- In developed countries, like the UK and USA, the share of agriculture in GDP is only around 2%.
a) I, II & III
b) I & II
c) I & III
d) All the above
Answer »Answer: (d)
Question : 40
In which of the following years was the Food Corporation of India (FCI) set up ?
a) 1960
b) 1955
c) 1965
d) 1970
Answer »Answer: (c)
The Food Corporation of India (FCI) was set up in 1965. Its objectives are Effective price support operations for safeguarding the interests of the farmers.
Distribution of food grains throughout the country for the public distribution system and maintaining a satisfactory level of operational and buffer stocks of foodgrains to ensure National Food Security.
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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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