MCQs
Total Questions : 390
| Page 8 of 39 pages
Answer: Option C. -> (ii) only
Answer: (c)
GDP has steadily increased in the last 10 years but agriculture growth has turned negative once in 2014-15.
Refer to the Trends.
Answer: (c)
GDP has steadily increased in the last 10 years but agriculture growth has turned negative once in 2014-15.
Refer to the Trends.
Question 72. Consider the following statements regarding Price Stabilization Fund (PSF):
Select the correct answer using the code given below:
- It is under ministry of Agriculture and Farmers Welfare
- The fund is utilized to grant working capital loan to central agencies
- The scheme promotes direct purchase of farm produce from the farmers
Select the correct answer using the code given below:
Answer: Option A. -> (ii) & (iii) only
Answer: (a)
The Price Stabilization Fund (PSF) was set up in 2014-15 under the Department of Agriculture, Cooperation & Famers Welfare (DAC&FW) to help regulate the price volatility of important agri-horticultural commodities like onion, potatoes and pulses were also added subsequently.
The PSF scheme was transferred from DAC&FW to the Department of Consumer Affairs (DOCA) w.e.f. 1st April 2016.
The scheme provides for maintaining a strategic buffer of aforementioned commodities for subsequent calibrated release to moderate price volatility and discourage hoarding and unscrupulous speculation. For building such stock, the scheme promotes direct purchase from farmers/farmers’ associations at farm gate/Mandi.
The PSF is utilized for granting interest-free advance of working capital to Central Agencies like NAFED (National Agricultural Cooperative Marketing Federation of India Ltd.) and SFAC (Small Farmers Agri-business Consortium), State/UT Governments/Agencies to undertake market intervention operations.
Apart from domestic procurement from farmers/wholesale mandis, import may also be undertaken with support from the Fund.
Answer: (a)
The Price Stabilization Fund (PSF) was set up in 2014-15 under the Department of Agriculture, Cooperation & Famers Welfare (DAC&FW) to help regulate the price volatility of important agri-horticultural commodities like onion, potatoes and pulses were also added subsequently.
The PSF scheme was transferred from DAC&FW to the Department of Consumer Affairs (DOCA) w.e.f. 1st April 2016.
The scheme provides for maintaining a strategic buffer of aforementioned commodities for subsequent calibrated release to moderate price volatility and discourage hoarding and unscrupulous speculation. For building such stock, the scheme promotes direct purchase from farmers/farmers’ associations at farm gate/Mandi.
The PSF is utilized for granting interest-free advance of working capital to Central Agencies like NAFED (National Agricultural Cooperative Marketing Federation of India Ltd.) and SFAC (Small Farmers Agri-business Consortium), State/UT Governments/Agencies to undertake market intervention operations.
Apart from domestic procurement from farmers/wholesale mandis, import may also be undertaken with support from the Fund.
Answer: Option D. -> 1, 2 and 3
Answer: (d)India is the 6th largest producer of coffee in the world having a share of around 2% in terms of global area. India contributes about 4% to world coffee production as well as in the International trade.
Answer: (d)India is the 6th largest producer of coffee in the world having a share of around 2% in terms of global area. India contributes about 4% to world coffee production as well as in the International trade.
Answer: Option D. -> Neither 1 nor 2
Answer: (d)
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. Not all states levy agricultural income tax.
Answer: (d)
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. Not all states levy agricultural income tax.
Answer: Option A. -> 2005-06
Answer: (a)
A National Horticulture Mission was launched in 2005-06 as a Centrally Sponsored Scheme to promote holistic growth of the horticulture sector through area based regionally differentiated strategies.
The scheme has been subsumed as a part of Mission for Integration Development of Horticulture (MIDH) during 2014-15.
Answer: (a)
A National Horticulture Mission was launched in 2005-06 as a Centrally Sponsored Scheme to promote holistic growth of the horticulture sector through area based regionally differentiated strategies.
The scheme has been subsumed as a part of Mission for Integration Development of Horticulture (MIDH) during 2014-15.
Answer: Option A. -> Both 1 and 2
Answer: (a)
Answer: (a)
Answer: Option A. -> Investment made by a company in a new factory complex in a remote land of the country where there was no facilities
Answer: (a)
Answer: (a)
Answer: Option B. -> Milk and its Products
Answer: (b)
Milk and milk products exhibited high rates of inflation recently.
Pulses, MFE, and milk and milk products which together constituted around 30 per cent of the total food expenditure in 2009-10 (2004-05=100, as per the 66th NSSO Round) were responsible for around 42 per cent of food inflation during the latter period.
This signifies that protein sources of food, both plant and animal, have emerged as an important driver of food inflation in the recent periods.
Answer: (b)
Milk and milk products exhibited high rates of inflation recently.
Pulses, MFE, and milk and milk products which together constituted around 30 per cent of the total food expenditure in 2009-10 (2004-05=100, as per the 66th NSSO Round) were responsible for around 42 per cent of food inflation during the latter period.
This signifies that protein sources of food, both plant and animal, have emerged as an important driver of food inflation in the recent periods.
Answer: Option B. -> 1 only
Answer: (b)
Nutrient Based Subsidy (NBS) Policy on decontrolled Phosphatic and Potassic fertilizer came into effect from 1st April 2010.
It has been decided to fix the subsidy on the nutrients
‘N’ - Nitrogen,
‘P’ - Phosphorus,
‘K’ - Potash and
‘S’ – Sulphur contents.
Answer: (b)
Nutrient Based Subsidy (NBS) Policy on decontrolled Phosphatic and Potassic fertilizer came into effect from 1st April 2010.
It has been decided to fix the subsidy on the nutrients
‘N’ - Nitrogen,
‘P’ - Phosphorus,
‘K’ - Potash and
‘S’ – Sulphur contents.
Question 80. Consider the following statements
Which of the statements given above is/are correct?
- Farm Income Insurance Scheme at the beginning covered only rice and wheat crops.
- National Agricultural Insurance Scheme is withdrawn from the crops which are covered under the Farm Income Insurance Scheme.
Which of the statements given above is/are correct?
Answer: Option C. -> Both 1 and 2
Answer: (c)
Farm Income Insurance Scheme was designed to provide a comprehensive crop insurance cover to farmers against loss in farm income due to fluctuations in yield and price, the scheme was adopted as a pilot project in respect of paddy and wheat at a block each in 25 States.
Implemented by the National Insurance Company, the scheme carried a subsidy of 75 per cent on the premium, given by the Union Government in respect of small and marginal farmers and 50 per cent in respect of others.
Answer: (c)
Farm Income Insurance Scheme was designed to provide a comprehensive crop insurance cover to farmers against loss in farm income due to fluctuations in yield and price, the scheme was adopted as a pilot project in respect of paddy and wheat at a block each in 25 States.
Implemented by the National Insurance Company, the scheme carried a subsidy of 75 per cent on the premium, given by the Union Government in respect of small and marginal farmers and 50 per cent in respect of others.
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