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
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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 the then Agricultural Refinance and Development Corporation (ARDC) is the National Bank for Agriculture and Rural Development (NABARD). NABARD is an apex development financial institution in India on rural and agricultural development.
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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 : ________ 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
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 : Which of these is not one of the impacts of the Green Revolution?
Option 1: A loosening of traditional bonds or hereditary relationships between farmers or landowners and agricultural workers.
Option 2: The rise of a class of 'free' wage labourers.
Option 3: A shift from payment in cash to payment in kind (grain).
Option 4: There was an increase in the use of agricultural labour as cultivation became more intensive.
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