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Question 1 of 5
1. Question
The economic cost of food grains to the Food Corporation of India is Minimum Support Price and bonus (if any) paid to the farmers plus
Correct
Solution: c)
Economic Cost is the total cost to FCI. It consists of Acquisition Cost and Distribution Cost. Acquisition cost consists of Minimum Support Price (MSP) plus procurement incidental cost. Procurement incidentals are expenses incurred during procurement till the foodgrains reach the first point of godown. The elements are state taxes, commission to arathias or societies, bagging materials, mandi labour, transportation from mandi to depot etc.
Incorrect
Solution: c)
Economic Cost is the total cost to FCI. It consists of Acquisition Cost and Distribution Cost. Acquisition cost consists of Minimum Support Price (MSP) plus procurement incidental cost. Procurement incidentals are expenses incurred during procurement till the foodgrains reach the first point of godown. The elements are state taxes, commission to arathias or societies, bagging materials, mandi labour, transportation from mandi to depot etc.
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Question 2 of 5
2. Question
Consider the following statements.
- Before the start of the kharif-rabi cycle, banks are given district-wise targets to lend to each priority sector.
- For the agricultural sector, banks extend both short term and long-term loans at concessional interest rates.
- Cooperative banks operate through village level Primary Agricultural Cooperative Societies (PACS) for lending to farmers, while state commercial banks deal with farmers individually.
Which of the above statements is/are correct?
Correct
Solution: d)
Lending to the agriculture sector, like that to MSMEs or Housing, is clubbed under priority sector which banks are mandated to do. Before the start of the kharif-rabi cycle, banks are given district-wise targets to lend to each priority sector. The State Level Bankers Conference (SLBC) — a body of bankers in the state — fixes this by taking in consideration the scale of finance for individual districts. For the agricultural sector, banks extend for short term and long-term loans at concessional interest rates. The short-term loan is known as crop loans as banks extend this before the start of the cropping cycle.
There are structural differences in the way scheduled commercial banks and cooperative banks approach this.
Cooperative banks operate through village level Primary Agricultural Cooperative Societies (PACS) — cooperative bodies of individual farmers at the village level.
On the other hand, state commercial banks deal with farmers individually.
Incorrect
Solution: d)
Lending to the agriculture sector, like that to MSMEs or Housing, is clubbed under priority sector which banks are mandated to do. Before the start of the kharif-rabi cycle, banks are given district-wise targets to lend to each priority sector. The State Level Bankers Conference (SLBC) — a body of bankers in the state — fixes this by taking in consideration the scale of finance for individual districts. For the agricultural sector, banks extend for short term and long-term loans at concessional interest rates. The short-term loan is known as crop loans as banks extend this before the start of the cropping cycle.
There are structural differences in the way scheduled commercial banks and cooperative banks approach this.
Cooperative banks operate through village level Primary Agricultural Cooperative Societies (PACS) — cooperative bodies of individual farmers at the village level.
On the other hand, state commercial banks deal with farmers individually.
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Question 3 of 5
3. Question
Consider the following statements regarding System of Rice Intensification (SRI) method of sowing paddy.
- System of Rice Intensification (SRI) was first developed in India and since then several countries in the world have been practising it.
- It gives equal or more produce than the conventional rice cultivation, with less water, less seed and less chemicals.
- SRI is suitable in all types of soil including the less fertile soil.
- SRI method does not permit any weed growth.
Which of the above statements is/are correct?
Correct
Solution: b)
System of Rice Intensification (SRI) was first developed in Madagascar in the 1980s and since then several countries in the world have been practising it, including India. It promises to save 15 to 20% ground water, improves rice productivity, which is almost at a stagnant point now. Experts said that it gives equal or more produce than the conventional rice cultivation, with less water, less seed and less chemicals.
Experts said that unlike Direct Seeding of Rice (DSR) technique, which is suitable only for mid to heavy textured soils, SRI is suitable in all types of soil including less fertile soil as in such soil the number of seedlings can be increased to double.
SRI doesn’t require continuous flooding, it needs intermittent irrigation. Indeed the plants’ roots should not be starved for oxygen through flooding. Irrigation is given to maintain soil moisture near saturation initially, and water is added to the field when the surface soil develops hairline cracks. Irrigation intervals will vary according to field conditions.
Unlike DSR when weeds are major problem and weedicides are sprayed simultaneously at the time of sowing, in SRI, which permits greater weed growth because of alternate wetting and drying of fields, the weeds are incorporated into the soil by operating a cono-weeder between rows, which are made at the time of sowing, which adds nutrients to the crop like green manures. First weeding is to be done 10-12 days after planting. Further weedings may be undertaken, depending on the necessity, at 10-15 days intervals, until the crop reaches panicle stage. Each weeding enhances yield through a process of soil aeration.
Incorrect
Solution: b)
System of Rice Intensification (SRI) was first developed in Madagascar in the 1980s and since then several countries in the world have been practising it, including India. It promises to save 15 to 20% ground water, improves rice productivity, which is almost at a stagnant point now. Experts said that it gives equal or more produce than the conventional rice cultivation, with less water, less seed and less chemicals.
Experts said that unlike Direct Seeding of Rice (DSR) technique, which is suitable only for mid to heavy textured soils, SRI is suitable in all types of soil including less fertile soil as in such soil the number of seedlings can be increased to double.
SRI doesn’t require continuous flooding, it needs intermittent irrigation. Indeed the plants’ roots should not be starved for oxygen through flooding. Irrigation is given to maintain soil moisture near saturation initially, and water is added to the field when the surface soil develops hairline cracks. Irrigation intervals will vary according to field conditions.
Unlike DSR when weeds are major problem and weedicides are sprayed simultaneously at the time of sowing, in SRI, which permits greater weed growth because of alternate wetting and drying of fields, the weeds are incorporated into the soil by operating a cono-weeder between rows, which are made at the time of sowing, which adds nutrients to the crop like green manures. First weeding is to be done 10-12 days after planting. Further weedings may be undertaken, depending on the necessity, at 10-15 days intervals, until the crop reaches panicle stage. Each weeding enhances yield through a process of soil aeration.
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Question 4 of 5
4. Question
Which of the following are the primary sources of Edible Oils?
- Soybean
- Mustard
- Rice Bran
- Coconut
- Niger
Select the correct answer code:
Correct
Solution: b)
Primary sources (Soybean, Rapeseed & Mustard, Groundnut, Sunflower, Safflower & Niger) and secondary sources (Oil palm, Coconut, Rice Bran, Cotton seeds & Tree Borne Oilseeds)
Incorrect
Solution: b)
Primary sources (Soybean, Rapeseed & Mustard, Groundnut, Sunflower, Safflower & Niger) and secondary sources (Oil palm, Coconut, Rice Bran, Cotton seeds & Tree Borne Oilseeds)
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Question 5 of 5
5. Question
Which one of the following inputs is required in less quantity in case of non-farming activities?
Correct
Solution: b)
Non-farming producing activities are related to those economic activities that do not directly relate to agricultural activities. Non-farming activities include handicrafts, small-scale manufacturing (both domestic and non-domestic), construction, repair, transportation, community service, and so on.
Among the given options land is required in less quantity in case of non-farming activities.
Incorrect
Solution: b)
Non-farming producing activities are related to those economic activities that do not directly relate to agricultural activities. Non-farming activities include handicrafts, small-scale manufacturing (both domestic and non-domestic), construction, repair, transportation, community service, and so on.
Among the given options land is required in less quantity in case of non-farming activities.
