Question : What is meant by subsistence agriculture?
Option 1: Agricultural output is sufficient for the country.
Option 2: Agriculturists produce primarily for themselves.
Option 3: Agriculture generates sufficient income.
Option 4: Agriculturists produce primarily for the market.
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Correct Answer: Agriculturists produce primarily for themselves.
Solution : The correct option is Agriculturists produce primarily for themselves.
Subsistence agriculture refers to a farming practice where agriculturists primarily cultivate crops and raise livestock for the sole purpose of meeting their own and their family's basic food and livelihood needs. It involves minimal surplus production for sale or trade, focusing on sustenance rather than commercial profit.
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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
Question : Which organisation, formerly known as the Imperial Council of Agricultural Research and founded on July 16, 1929, is in charge of agricultural research and education in India?
Option 1: Food Corporation of India (FCI)
Option 2: Agricultural and Processed Food Products Export Development Authority (APEDA)
Option 3: National Bank for Agriculture and Rural Development (NABARD)
Option 4: Indian Council of Agricultural Research (ICAR)
Question : What type of products ,does CACP recommend minimum support price for?
Option 1: industrial products
Option 2: Agricultural products
Option 3: pharmaceutical products
Option 4: None of the above
Question : ________ is/are an item for which both GST and central excise duty are applicable in India.
Option 1: Alcohol for human consumption
Option 2: Tobacco and tobacco products
Option 3: Petroleum products
Option 4: All the agricultural commodities
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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