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Total Questions : 390 | Page 35 of 39 pages
Question 341. During the year 2014-15, India’s exports of animal products is reported to be over Rs.33,128.30 crore. Which of the following form of meat was the single largest item exported during the period?
  1.    Sheep/Goat meat
  2.    Processed and other meat
  3.    Poultry products
  4.    Buffalo meat
 Discuss Question
Answer: Option D. -> Buffalo meat
Answer: (d)Buffalo meat was the single largest item exported during the period (Up to Feb. 2015) with the value of US $ 4410103663.
Question 342. What is a Green Box subsidy?

  1. These include direct payments to farmers to limit production and certain government assistance to encourage agriculture and rural development in developing countries

  2. These include government policies of Minimum Support Prices (MSP) for agricultural products or any help directly related to production quantities (for eg. power, fertiliser, seeds, pesticides, irrigation etc.).

  3. These include amounts spent on research, disease control, infrastructure and food security


  1.    Only III
  2.    I & III
  3.    Only II
  4.    III & II
 Discuss Question
Answer: Option A. -> Only III
Answer: (a)
Green Box subsidies include amounts spent on research, disease control, infrastructure and food security.
These also include direct payments made to farmers such as income support that do not stimulate production. These are not considered trade-distorting and are encouraged.
Question 343. National Seed Policy, 2002 is based on the recommendation of
  1.    M.V Rao Committee
  2.    Y.V Reddy Committee
  3.    Kelkar Committee
  4.    Abhijit Sen Committee
 Discuss Question
Answer: Option A. -> M.V Rao Committee
Answer: (a)
National seed policy is based on the recommendation of the M.V. Rao committee in 2002. The Policy is meant to “strengthen the seed industry’’ in view of the liberalisation in the farm sector under the World Trade Organisation.
The policy seeks to provide intellectual property protection to stimulate investment in the research and development of new plant varieties.
Question 344. Which one of the following is the apex cooperative organisation at the national level of India?
  1.    NAFED
  2.    TRIFED
  3.    FCS
  4.    RRBs
 Discuss Question
Answer: Option A. -> NAFED
Answer: (a)
National Agricultural Cooperative Marketing Federation of India Ltd. (NAFED) is an apex organisation of marketing cooperatives for agricultural produce in India, under the Ministry of Agriculture, Government of India.
It was founded in October 1958 to promote the trade of agricultural produce and forest resources across the nation. NAFED is now one of the largest procurement as well as marketing agencies for agricultural products in India.
Question 345. Consider the following statements

  1. The crop development scheme of the Government of India called National Food Security Mission (NFSM) was launched in 2007.

  2. Accelerated Pulses Production Programme is an important component of the National Food Security Mission (NFSM).


Which of the statements given above is/are correct?
  1.    Only 2
  2.    Only 1
  3.    Both 1 and 2
  4.    Neither 1 nor 2
 Discuss Question
Answer: Option C. -> Both 1 and 2
Answer: (c)
The National Development Council (NDC) in its 53rd meeting held 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 (NFSM), was launched in October 2007. The Mission is being continued during the 12th Five Year Plan with new targets of additional production of food grains of 25 million tons of food grains comprising of 10 million tons rice, 8 million tons of wheat, 4 million tons of pulses and 3 million tons of coarse cereals by the end of 12th Five Year Plan.
In order to accelerate the pulses production, the scope of the National Food Security Mission will be enhanced through the following changes:
The merger of Integrated Scheme on Oilseeds Pulses, Oil palm and Maize (ISOPOM) Pulses components and area with NFSM pulses,
Inclusion of additional programmes such as innovative “Accelerated Pulses Production Programme (A3P)” with nutrient and plant protection centric block demonstrations over 1 million hectares of pulses crop area and,
Inclusion of innovative development and research projects.
Question 346. In India, mergers and acquisition of firms are regulated by
  1.    Security and Exchange Board of India
  2.    National Manufacturing Competitiveness Council
  3.    Competition Commission of India
  4.    Department of Industrial Policy and Promotion
 Discuss Question
Answer: Option C. -> Competition Commission of India
Answer: (c)
The Competition Act, 2002 prohibits anti-competitive agreements, abuse of dominant position by enterprises and regulates combinations (acquisition, acquiring of control and Merger and acquisition), which causes or is likely to cause an appreciable adverse effect on competition within India.
Competition Commission of India was established on 14 October 2003 and became fully functional in May 2009.
It is a body of the Government of India responsible for enforcing the Competition Act, 2002 throughout India and to prevent activities that have an adverse effect on competition in India
Question 347. Consider the following statements:

  1. India is the largest exporter of rice in the world

  2. India is the largest producer of milk in the world


Select the correct answer using the code given below:
  1.    Both (i) & (ii)
  2.    (i) only
  3.    (ii) only
  4.    Neither (i) nor (ii)
 Discuss Question
Answer: Option A. -> Both (i) & (ii)
Answer: (a)
Question 348. What is the contribution of livestock in agricultural sector?
  1.    15%
  2.    25%
  3.    5%
  4.    10%
 Discuss Question
Answer: Option B. -> 25%
Answer: (b)
Livestock contributes 25 per cent of gross value added in the agriculture sector and provides self-employment to about 21 million people.
Growth of livestock output averaged 4.8 per cent per annum during the Eleventh Plan recovering from an average of 3.6 per cent in the Ninth and the tenth Plans.
Question 349. Which bank is limited to the needs of agriculture and rural finance?
  1.    IFC
  2.    SBI
  3.    NABARD
  4.    RBI
 Discuss Question
Answer: Option C. -> NABARD
Answer: (c)
Committee to review the arrangements for institutional credit for agriculture and rural development (CRAFICARD) under the Chairmanship of Shri B. Sivaraman, recommended the formation of the National Bank for Agriculture and Rural Development (NABARD).
The bank came into existence on 12 July 1982. It is limited to the need for agriculture and rural finance.
Question 350. Consider the following statements regarding Minimum Support Price (MSP):

  1. MSP is calculated 50% over actual paid out costs

  2. Government announces MSP for commercial crops also


Select the correct answer using the code given below:
  1.    Both (i) & (ii)
  2.    (i) only
  3.    (ii) only
  4.    Neither (i) nor (ii)
 Discuss Question
Answer: Option C. -> (ii) only
Answer: (c)
Commission for Agricultural Cost and Prices (CACP) takes into account several factors to recommend MSP to the Ministry of Agriculture and Farmers Welfare. Some of these factors are the cost of production and margin (profit) to farmers, Demand and supply, Price trends in the market both domestic and international, Intercrop price parity etc.
Among several criteria for recommending the MSP, the most important one is the cost of production of farmers and the margin/profit on it.
The cost of production of agricultural produce is calculated in three ways: A2, A2+FL and C2.
A2 costs basically cover all paid-out expenses, both in cash and in-kind, incurred by farmers on seeds, fertilizers, chemicals, hired labour, fuel, irrigation, etc.
A2+FL cover actual paid-out costs plus an imputed value of unpaid family labour.
C2 costs are more comprehensive, accounting for the rentals and interest forgone on owned land and fixed capital assets respectively, on top of A2+FL.
Finance Minister, while presenting the budget 2018-19 announced that, the Government will be offering MSP of 50 per cent over the cost of production (A2 + FL).
MSP is announced for 25 crops including sugarcane. The mandated crops are 14 for Kharif season viz. paddy, jowar, bajra, maize, ragi, arhar, moong, urad, groundnut-inshell, soyabean, sunflower, sesamum, nigerseed and cotton; 6 rabi crops viz. wheat, barley, gram, masur (lentil), rapeseed/mustard and safflower and two other commercial crops viz. jute and copra.
In addition, the MSPs of toria and de-husked coconut are fixed on the basis of the MSPs of rapeseed/mustard and copra respectively.

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