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16 Views

Question : In the context of agricultural production, MSP refers to:

Option 1: Minimum Selling Price

Option 2: Minimum Support Price

Option 3: Maximum Support Price

Option 4: Maximum Selling Price

Team Careers360 18th Jan, 2024

Correct Answer: Minimum Support Price


Solution : The correct answer is Minimum Support Price.

The Minimum Support Price, also known as MSP, is a price set by the government for certain agricultural products or crops to protect farmers from sudden drops in prices. It is the rate at which the

3 Views

Question : Statement 1: Successful entrepreneurs not only create wealth for themselves but also contribute to the economic development of the nation.

Statement 2: The Make in India initiative aims to boost agricultural activities in the country.

Option 1: Both statements are true.
 

Option 2: Statement 1 is true, but statement 2 is false.
 

Option 3: Statement 2 is true, but statement 1 is false.

 

Option 4: Both statements are false.

Team Careers360 3rd Jan, 2024

Correct Answer: Statement 1 is true, but statement 2 is false.
 


Solution : The correct answer is b) Statement 1 is true, but statement 2 is false.

Statement 1 is accurate. Successful entrepreneurs often contribute to the economic development of the nation by creating wealth, generating employment, and fostering innovation.

12 Views

Question : ___________ is a financial institution that provides long-term credit for agriculture and rural development.

 

Option 1: Agricultural Finance Corporation

Option 2: Rural Development Bank

Option 3: Small Industries Development Bank of India (SIDBI)

Option 4: National Bank for Agriculture and Rural Development (NABARD)

Team Careers360 6th Jan, 2024

Correct Answer: National Bank for Agriculture and Rural Development (NABARD)


Solution : The correct answer is (d) National Bank for Agriculture and Rural Development (NABARD).

NABARD is a financial institution in India that specifically focuses on providing long-term credit and support for agriculture and rural development. It was established in

9 Views

Question : The effectiveness of land reforms in India was limited by:  
 

Option 1: Rapid industrialization  
 

Option 2: Lack of technological innovation  
 

Option 3: Resistance from landed elites  

 

Option 4: Decline in agricultural productivity  

Team Careers360 9th Jan, 2024

Correct Answer: Resistance from landed elites  

 


Solution : The effectiveness of land reforms in India was limited by resistance from landed elites, who had a vested interest in maintaining the existing land ownership patterns and often used their political influence to obstruct reform efforts.

16 Views

Question : ______ came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI and refinance functions of the then Agricultural Refinance and Development Corporation.

Option 1: Securities and Exchange Board of India

Option 2: Small Industries Development Bank of India

Option 3: Reserve Bank of India

Option 4: National Bank for Agriculture and Rural Development

Team Careers360 22nd Jan, 2024

Correct Answer: National Bank for Agriculture and Rural Development


Solution : The correct option is the National Bank for Agriculture and Rural Development.

The organisation that came into existence on 12 July 1982 by transferring the agricultural credit functions of RBI (Reserve Bank of India) and refinance functions of

13 Views

Question : The impact of the Green Revolution on peasants' movements in India included:

 

Option 1: The reduction of income disparities between rural and urban areas

Option 2: The decrease in peasant mobilization due to improved agricultural productivity

Option 3: The intensification of land conflicts and disparities between large and small farmers

Option 4: The complete eradication of rural poverty

Team Careers360 19th Jan, 2024

Correct Answer: The intensification of land conflicts and disparities between large and small farmers


Solution : The Green Revolution led to the intensification of land conflicts and disparities between large and small farmers, as the benefits of increased agricultural productivity were unevenly distributed, leading to increased mobilization among disadvantaged peasant

11 Views

Question : What was the impact of the East India Company's revenue settlements on rural society?
 

Option 1: Stabilization of the rural economy
 

Option 2: Increased agricultural productivity
 

Option 3: Displacement of traditional landholders
 

Option 4: Improved living standards for peasants

 

 

Team Careers360 16th Jan, 2024

Correct Answer: Displacement of traditional landholders
 


Solution : The East India Company's revenue settlements had a significant impact on rural society, leading to the displacement of traditional landholders as the new revenue system favored those who could secure contracts with the Company, often resulting in changes in land ownership and

10 Views

Question : Which of the following is considered a major crop in agricultural land use?

 

Option 1: Rice

Option 2: Wheat

Option 3: Maize

Option 4: All of the above

Team Careers360 19th Jan, 2024

Correct Answer: All of the above


Solution : Rice, wheat, and maize are all considered major crops in agricultural land use, as they are widely cultivated and form a significant part of the agricultural output.

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