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Agricultural market system - class-XII

Description: agricultural market system
Number of Questions: 25
Created by:
Tags: rural development economics agricultural sector the state of the indian economy on the eve of independence
Attempted 0/25 Correct 0 Score 0

In India poor agriculture growth is attributed to _____.

  1. income land reforms

  2. lack of adequate cheap finance

  3. orthodox technology

  4. all the three


Correct Option: D

Agriculture in India is witnessing _______.

  1. slow and uneven growth

  2. fast and uneven growth

  3. slow and even growth

  4. fast and even growth


Correct Option: A

 In pursuance with the recommendations of Narasimha Committee-$1$, select the correct one/ones, using the code given below:
1. Priority sector lending compulsions of the banks operating in India has been revised by making many items out of it.
2. The Government of India continues to borrow the SLR money from the banks but pays market-based interest rates on them. 

  1. Only 1

  2. Only 2

  3. 1 and 2

  4. Neither 1 or 2


Correct Option: D
Explanation:

The Government has not followed the concerned adv ices of the Commission though the priority sector has been redefined some new items have been added to it in place of making some out. Similarly. the Government still borrows bank money at non-market-based interest rates. It is believed that the purpose of social banking is still required for the proper levels of socio-economic development in India.

Which of the following schemes of the Govt of India is planned to help farmers by providing a competitive price to their produce?
(A) Minimum support price of agro products
(B) Creating buffer stock of food grains
(C) Making loans available to them on special and subsidized rates of interest

  1. Only A

  2. Only B

  3. Only C

  4. All A, B and C


Correct Option: A
Explanation:

Minimum Support Price or MSP is to support the farmers to earn the basic profits for their crops. It is the price set by the government at which they buy the food grains from the farmers so that they dont need face losses due to lower market prices.  

The Food Corporation of India's main functions are __________.

  1. To purchase, store, transport and help in the sale of foodgrain

  2. Distribution of quality seeds

  3. To restrict consumption of foodgrains and change food habits

  4. To set up or assist in the setting up of rice mills and flour mills


Correct Option: A
Explanation:

The Food Corporation of India was established under the Food Corporation's Act 1964. The major purpose and areas of functioning of this governmental organization is to purchase food grains at the set MSP, storing the food grains so that national food security is maintained and to provide assistance to the farmers in selling their crops.

In which of the following states, village-level marketing platform has been set up for the first time in the country?

  1. Haryana

  2. Maharashtra

  3. Gujarat

  4. Bihar


Correct Option: C

The government normally does not announce the Minimum Support Price (MSP) of ________.

  1. Wheat

  2. Paddy

  3. Sugarcane

  4. Jute


Correct Option: D

An insurance scheme for the agriculture sector was introduced by the Govt of India. Which of the following represents the name of the same?

  1. NAIS

  2. RIDF

  3. AICIL

  4. CACP


Correct Option: A

The agricultural census is done at which of the following intervals?

  1. There is no fixed term.

  2. Every year

  3. Once in three years

  4. Once in five years


Correct Option: D

Prior to independence, farmers,while selling their produce to traders,suffered from? 

  1. Faulty weighing

  2. Crop failures

  3. Lack of consumers

  4. Village market


Correct Option: A

Much of the agricultural employment activities are concentrated in which season.

  1. Kharif

  2. Rainy

  3. Summer

  4. Rabi


Correct Option: A

maintenance of buffer stocks of wheat and rice is done by?

  1. Food Corporation of India

  2. Government employees

  3. Farmers

  4. Local distributors


Correct Option: A

What was the third initiative taken by the government to secure the Indian agricultural  system?

  1. corporate marketing

  2. Cooperative marketing

  3. Elimination of Traders

  4. Increasing exports


Correct Option: B

The fact that there is greater risk in depending exclusively on farming for livelihood gives rise to ?

  1. Substitution

  2. Divercification

  3. Imports

  4. Shutdown of agriculture Markets


Correct Option: B

Agricultural Prosperity is linked with the standard of living of the people. This statement is __________.

  1. True

  2. False

  3. Partially True

  4. Nothing can be said


Correct Option: A

Crop Failure leads to reduced supply and increased prices of food products, thereby affecting ______________.

  1. cost of living

  2. standard of living

  3. both (a) and (b)

  4. neither (a) nor (b)


Correct Option: C

There will be a __________ demand for industrial and consumer goods in rural areas, in case of prosperity in agriculture. 

  1. low

  2. moderate

  3. high

  4. can't be determined


Correct Option: C

More people employed in Agriculture leads to _____________.

  1. employment opportunity in rural areas

  2. avoidance of Urban Congestion and Urban Pollution

  3. eeduction in Rural Brain Drain

  4. all of the above


Correct Option: D
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