INSIGHTS STATIC QUIZ 2020 - 21
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Question 1 of 5
1. Question
Consider the following statements regarding Agriculture Infrastructure Fund.
- Agriculture Infrastructure Fund is a medium to long term debt financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets.
- All loans under this financing facility will have interest subvention and credit guarantee.
- Eligible beneficiaries include farmers, FPOs, SHGs and Agri-entrepreneurs.
Which of the above statements is/are correct?
Correct
Solution: d)
The Agriculture Infrastructure Fund is a medium – long term debt financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets through interest subvention and credit guarantee. The duration of the scheme is from FY2020 to FY2029 (10 years). Eligible beneficiaries include farmers, FPOs, PACS, Marketing Cooperative Societies, SHGs, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Start-ups, and Central/State agency or Local Body sponsored Public-Private Partnership Projects.
Incorrect
Solution: d)
The Agriculture Infrastructure Fund is a medium – long term debt financing facility for investment in viable projects for post-harvest management infrastructure and community farming assets through interest subvention and credit guarantee. The duration of the scheme is from FY2020 to FY2029 (10 years). Eligible beneficiaries include farmers, FPOs, PACS, Marketing Cooperative Societies, SHGs, Joint Liability Groups (JLG), Multipurpose Cooperative Societies, Agri-entrepreneurs, Start-ups, and Central/State agency or Local Body sponsored Public-Private Partnership Projects.
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Question 2 of 5
2. Question
Consider the following statements.
- The Agriculture sector is the largest employer of workforce in India.
- India is the world’s largest consumer and importer of vegetable oil.
- Oilseed production in India has steadily increased in the last five years.
Which of the above statements is/are correct?
Correct
Solution: b)
The agriculture sector has experienced buoyant growth in the past two years. The sector, which is the largest employer of workforce, accounted for a sizeable 18.8 per cent (2021- 22) in Gross Value Added (GVA) of the country registering a growth of 3.6 per cent in 2020-21 and 3.9 per cent in 2021-22.
India is one of the major oilseeds growing country. The oilseed production in India has steadily increased since 2016-17 onward after showing a fluctuating trend prior to that. India is the world’s second largest consumer and number one importer of vegetable oil.
Incorrect
Solution: b)
The agriculture sector has experienced buoyant growth in the past two years. The sector, which is the largest employer of workforce, accounted for a sizeable 18.8 per cent (2021- 22) in Gross Value Added (GVA) of the country registering a growth of 3.6 per cent in 2020-21 and 3.9 per cent in 2021-22.
India is one of the major oilseeds growing country. The oilseed production in India has steadily increased since 2016-17 onward after showing a fluctuating trend prior to that. India is the world’s second largest consumer and number one importer of vegetable oil.
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Question 3 of 5
3. Question
Consider the following statements regarding Sugar Sector in India.
- India is the largest consumer and producer of sugar in the world.
- Cane Reservation Area is an area where sugar mills buy sugarcane from farmers within a specified radius.
- The Fair and Remunerative Price (FRP) for sugarcane has doubled in last ten years.
Which of the above statements is/are correct?
Correct
Solution: c)
Significance of sugarcane and sugar industry for India’s economy can be gauged from the fact that it is the country’s second largest agro-based industry, next to cotton. It impacts the livelihood of over 5 crore farmers and their dependents. India is the largest consumer and the second-largest producer of sugar in the world.
The interest of the farmers is protected by Fair and Remunerative Price (FRP) which has doubled in a span of ten years.
In addition, some state governments announce State Advised Price (SAP) at levels higher than FRP. Additionally, sugar mills that buy sugarcane are mandated to purchase crops from farmers within a specified radius known as the Cane Reservation Area. In this way, sugarcane farmers are insured and protected against price risk.
Incorrect
Solution: c)
Significance of sugarcane and sugar industry for India’s economy can be gauged from the fact that it is the country’s second largest agro-based industry, next to cotton. It impacts the livelihood of over 5 crore farmers and their dependents. India is the largest consumer and the second-largest producer of sugar in the world.
The interest of the farmers is protected by Fair and Remunerative Price (FRP) which has doubled in a span of ten years.
In addition, some state governments announce State Advised Price (SAP) at levels higher than FRP. Additionally, sugar mills that buy sugarcane are mandated to purchase crops from farmers within a specified radius known as the Cane Reservation Area. In this way, sugarcane farmers are insured and protected against price risk.
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Question 4 of 5
4. Question
Consider the following statements.
- West Bengal is the largest Rice producing state in India.
- In the last 2 years, Punjab and Haryana account for one-third of the Government’s share in total wheat and paddy procurement and its allocation under National Food Security Act.
Which of the above statements is/are correct?
Correct
Solution: a)
Punjab accounts for a whopping 27% of all procurement, and Haryana for 11%, while only being allocated 2% and 1% of grains under PDS respectively.
Government procurement of wheat and paddy in Bihar and West Bengal each account for just 2% of the national total, despite the fact that the latter is the country’s largest rice producer. However, 10% of all foodgrains allocated under the National Food Security Act last year went to Bihar, while 7% went to West Bengal.
Incorrect
Solution: a)
Punjab accounts for a whopping 27% of all procurement, and Haryana for 11%, while only being allocated 2% and 1% of grains under PDS respectively.
Government procurement of wheat and paddy in Bihar and West Bengal each account for just 2% of the national total, despite the fact that the latter is the country’s largest rice producer. However, 10% of all foodgrains allocated under the National Food Security Act last year went to Bihar, while 7% went to West Bengal.
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Question 5 of 5
5. Question
Arrange the following kharif crops in the increasing order in terms of area under cultivation.
- Sugarcane
- Pulses
- Oilseeds
- Rice
Select the correct answer code:
Correct
Solution: c)
Sowing Area Coverage of Kharif Crops : as on 31.07.2020, the total Kharif crops has been sown on 882.18 lakh ha area against 774.38 lakh ha area during the corresponding period of last year.
Rice: About 266.60 lakh ha area coverage
Oilseeds: About 175.34 lakh ha area coverage
Pulses: About 111.91 lakh ha area coverage
Sugarcane: About 51.78 lakh ha area coverage
Incorrect
Solution: c)
Sowing Area Coverage of Kharif Crops : as on 31.07.2020, the total Kharif crops has been sown on 882.18 lakh ha area against 774.38 lakh ha area during the corresponding period of last year.
Rice: About 266.60 lakh ha area coverage
Oilseeds: About 175.34 lakh ha area coverage
Pulses: About 111.91 lakh ha area coverage
Sugarcane: About 51.78 lakh ha area coverage
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