agriculture sector subsidy & food processing section 9 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
agriculture sector subsidy & food processing section 2
agriculture sector subsidy & food processing section 3
agriculture sector subsidy & food processing section 4
agriculture sector subsidy & food processing section 5
agriculture sector subsidy & food processing section 6
agriculture sector subsidy & food processing section 7
agriculture sector subsidy & food processing section 8
agriculture sector subsidy & food processing section 9
agriculture sector subsidy & food processing section 10
Question : 1
Consider the following statements :
- Agriculture and Allied sectors contribute less than 20% of Gross Domestic Product of India.
- Around 60% of net sown agricultural area of India is depended on rainfall.
a) 2 only
b) 1 only
c) Both 1 and 2
d) Neither 1 nor 2
Answer »Answer: (c)
Agriculture and Allied sectors contribute less than 20% around 17% of Gross Domestic product of India. Around 60% of net sown agricultural area of India is depended on rainfall.
Question : 2
Which of the following statements are true regarding the Model Agriculture Produce and Livestock Marketing Act 2017?
- It allows private wholesale mandi trade
- It allows contract farming
- The law proposes a cap on market/mandi fee
a) (ii) & (iii) only
b) (i) only
c) (ii) only
d) All of the above
Answer »Answer: (d)
As the Agriculture Produce Marketing Committee Acts (APMC) enacted by States did not allow wholesale trade through private mandis and exploited the farmers and consumers both, Central Govt. in April 2017 got a Model Agriculture Produce and Livestock Marketing (APLM) Act 2017 drafted and circulated to States to implement.
Following are the important features:
- Allow private wholesale mandis (rather than just govt mandis in wholesale trade) Allow godowns, warehouses and cold storages to act as markets (this means that earlier they were not allowed to purchase from farmers in bulk and now they can act as private wholesale mandis and can procure in bulk from farmers)
- The model act has also proposed to cap mandi fees (2% for fruits and vegetables and 1% for food grains, this is charged by the mandi operators for the maintenance of mandi)
- Farmers can now directly sell to big retailers (through contract farming)
Question : 3
In India, which of the following have 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.
Question : 4
Which statement is correct regarding the Ryotwari system?
- The system was introduced in North India in terms of which the village community was jointly and severally responsible for the payment of rent.
- Zamindars acted as intermediaries between the cultivators and the government.
- Revenue was ‘settled’ by the government with zamindars, either permanently or temporarily.
a) Only II
b) I & II
c) Only III
d) None of the above
Answer »Answer: (d)
Ryotwari System was prevalent in parts of Madras, Bombay province and Assam.
Under this system, the cultivator paid the revenues directly to the state without an intermediary.
Question : 5
Which of the following scheme is not part of PM-AASHA
a) Price Deficiency Payment Scheme
b) Price Support Scheme
c) Price Stabilization Scheme
d) Pilot of Private Procurement and Stockist Scheme
Answer »Answer: (c)
PM-AASHA scheme is aimed at ensuring remunerative prices to the farmers for their produce as announced in the Union Budget for 2019.
The new Umbrella Scheme includes the mechanism of ensuring remunerative prices to the farmers and is comprised of three sub-schemes:
- Price Support Scheme
- Price Stabilization Scheme
- The pilot of Private Procurement and Stockist Scheme
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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
-
» Banking, Security Market & Insurance
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