Question : Government of India is seriously thinking to empower all of its oil marketing public sector undertaking to fix their own price for petrol and diesel? Name the economic reforms related to this decision of government?
Option 1: Liberalisation
Option 2: Privatisation
Option 3: Globalisation
Option 4: None of the above
Correct Answer: Liberalisation
Solution : Liberalisation means removal of restriction, licencing, etc. and simplifying prodcedures. Reduction in tariff, tax structure and giving more freedom. In the above case, Government of India is seriously thinking to all oil marketing public sector undertaking to fix their own price for petrol and diesel. This highlight the aspect of liberalisation. Hence, option 1 is the correct answer.
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Question : The National Agricultural Cooperative Marketing Federation of India (NAFED) is involved in the marketing of:
Option 1: Agricultural machinery and equipment
Option 2: Fertilizers and pesticides
Option 3: Seeds and planting material
Option 4: Agricultural produce and commodities
Question : Which organization is responsible for the marketing and export of agricultural products from India?
Option 1: Food Corporation of India (FCI)
Option 2: Spices Board of India
Option 3: Agricultural and Processed Food Products Export Development Authority (APEDA)
Option 4: Indian Council of Agricultural Research (ICAR)
Question : Which institution is responsible for the promotion and development of agricultural marketing cooperatives in India?
Option 1: Small Farmers Agribusiness Consortium (SFAC)
Option 2: National Cooperative Development Corporation (NCDC)
Option 3: National Bank for Agriculture and Rural Development (NABARD)
Option 4: National Horticulture Board (NHB)
Question : Which among the following is an apex institution in the sphere of agriculture credit in India?
Option 1: NABARD (National Agriculture and Rural Development)
Option 2: SIDBI (Small Industries Development Bank of India)
Option 3: EXIM (Export & Import ) Bank
Option 4: NAFED (National Agricultural Cooperative Marketing Federation of India Ltd.)
Question : Which of the given statements concerning the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is correct?
i. NAFED is registered under the Multi-State Co-operative Societies Act.
ii. It was set up to promote Cooperative marketing of agricultural produce to benefit farmers.
iii. It was established in 1956.
Option 1: i, ii and iii
Option 2: Only ii
Option 3: Only ii and iii
Option 4: Only i and ii
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