Agriculture Sector Subsidy & Food Processing Section 9 Practice Questions Answers Test With Solutions & More Shortcuts

Question : 26

Which one of the following five year plans hasthe highest GDP growth rate in Agriculture sector in India?

a) Ninth Five Year Plan

b) Eighth Five Year Plan

c) Tenth Five Year Plan

d) Eleventh Five Year Plan

Answer: (b)

The growth performance of the agriculture sector has been fluctuating across the plan periods. It witnessed a growth rate of 4.8 per cent during the Eighth plan period (1992–97).

Question : 27

Which among the following facility has been started in India for refinance assistance for small irrigation, IRDP, Dairy Development and Mechanism of farms?

a) National Rural Credit Fund

b) National Credit Fund

c) National Credit Stabilization Fund

d) Rural Infrastructural Development Fund

Answer: (c)

Question : 28

When was the National Food Security Mission (NFSM) launched in India?

a) Kharif Season (1999–2000)

b) Rabi Season (1999–2000)

c) Rabi Season (2007–2008)

d) Kharif Season (2007–2008)

Answer: (c)

The National Development Council (NDC) on 29th May 2007 adopted a resolution to launch a Food Security Mission comprising rice, wheat and pulses to increase the production of rice by 10 million tons, wheat by 8 million tons and pulses by 2 million tons by the end of the Eleventh Plan (2011–12).

Accordingly, a centrally sponsored Scheme, ‘National Food Security Mission’, had been launched from the rabi season 2007–08 to operationalize the above-mentioned resolution.

Question : 29

Index ‘Residex’ is associated with

  1. Share Prices
  2. Mutual Fund Prices
  3. Price Inflation Index
  4. Land Prices
Choose the right option

a) 3 only

b) 1 only

c) 1 and 2

d) 4 only

Answer: (d)

Question : 30

The Commission of Agricultural Costs and Prices fixes the

a) Wholesale price

b) Retail price

c) Support price

d) None of these

Answer: (c)

The Commission of Agricultural Costs & Prices (CACP since 1985, earlier named as Agricultural Prices Commission) came into existence in January 1965.

It is mandated to recommend minimum support prices (MSPs) to incentivize the cultivators to adopt modern technology and raise productivity and overall grain production in line with the emerging demand patterns in the country.

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1223 Food Processing Based Indian Economy MCQ Section 9 Question Answer With Explanation Pdf

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