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Agricultural Schemes & PM Kisan — Set 1

Indian Agriculture · कृषि योजनाएं और PM किसान · Questions 110 of 80

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1

Under PM-KISAN (Pradhan Mantri Kisan Samman Nidhi), how much financial benefit is provided to eligible farmer families per year?

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Correct Answer: B. ₹6,000

PM-KISAN provides an annual income support of ₹6,000 to eligible small and marginal farmer families. This amount is disbursed in three equal installments of ₹2,000 each every four months. The scheme was launched on February 24, 2019, by Prime Minister Narendra Modi from Gorakhpur, Uttar Pradesh.

2

In how many installments is the PM-KISAN annual benefit of ₹6,000 distributed to farmers?

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Correct Answer: B. Three installments of ₹2,000 each

The ₹6,000 annual benefit under PM-KISAN is disbursed in three equal installments of ₹2,000 each. Each installment is released every four months, covering the periods April–July, August–November, and December–March. The amount is directly transferred to the bank accounts of beneficiaries through the Direct Benefit Transfer (DBT) mechanism.

3

When was the PM-KISAN scheme officially launched?

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Correct Answer: B. February 24, 2019

PM-KISAN was officially launched on February 24, 2019, by Prime Minister Narendra Modi at a public event in Gorakhpur, Uttar Pradesh. The scheme was introduced to supplement the financial needs of small and marginal farmers across India. However, the scheme was announced in the Interim Budget 2019 and was effective from December 1, 2018.

4

Which ministry is responsible for the implementation of PM-KISAN scheme?

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Correct Answer: C. Ministry of Agriculture and Farmers' Welfare

The PM-KISAN scheme is implemented by the Ministry of Agriculture and Farmers' Welfare, Government of India. The ministry oversees the registration of beneficiaries, verification of eligibility, and release of funds to farmers. State and UT governments also play a crucial role in identifying and verifying eligible farmer families.

5

What does MSP stand for in the context of Indian agricultural policy?

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Correct Answer: B. Minimum Support Price

MSP stands for Minimum Support Price, which is the price set by the Government of India to protect farmers against excessive price falls during bumper production years. It acts as a price floor below which the government is committed to purchase crops from farmers. The MSP is announced before the sowing season to encourage farmers to produce certain crops.

6

Which body recommends the Minimum Support Price (MSP) to the Government of India?

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Correct Answer: B. CACP (Commission for Agricultural Costs and Prices)

The Commission for Agricultural Costs and Prices (CACP) recommends MSP for various agricultural commodities to the Government of India. CACP is an advisory body established in 1965 under the Ministry of Agriculture and Farmers' Welfare. It takes into account various factors including cost of production, demand-supply situation, and market prices before recommending MSP.

7

The formula 'A2+FL+50%' for calculating MSP is associated with which commission's recommendations?

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Correct Answer: B. Swaminathan Commission

The Swaminathan Commission (National Commission on Farmers) recommended the A2+FL+50% formula for calculating MSP, where A2 represents actual paid-out costs, FL represents family labor, and 50% profit margin is added on top. This formula was proposed by Dr. M.S. Swaminathan, the father of India's Green Revolution. The commission submitted its final report in 2006, but implementation of this formula was a long-standing demand of farmer organizations.

8

PM Fasal Bima Yojana (PMFBY) was launched in which year?

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Correct Answer: B. 2016

Pradhan Mantri Fasal Bima Yojana (PMFBY) was launched on January 13, 2016, by Prime Minister Narendra Modi at Sehore in Madhya Pradesh. It replaced the earlier National Agricultural Insurance Scheme (NAIS) and Modified NAIS. The scheme provides comprehensive insurance coverage against failure of the crop with a view to stabilizing income of farmers.

9

Under PMFBY, what is the maximum premium to be paid by farmers for Kharif crops?

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Correct Answer: C. 2%

Under PMFBY, farmers have to pay a maximum premium of 2% of the sum insured for Kharif crops. For Rabi crops, the premium is limited to 1.5%, and for annual commercial and horticultural crops, it is 5%. The remaining premium cost is shared equally between the central and state governments, making the scheme affordable for farmers.

10

What is the full form of PMKSY in the context of Indian agriculture?

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Correct Answer: B. Pradhan Mantri Krishi Sinchai Yojana

PMKSY stands for Pradhan Mantri Krishi Sinchai Yojana, which was launched in 2015 to ensure irrigation facilities for every agricultural field. The scheme's vision is encapsulated in the slogan 'Har Khet Ko Pani, More Crop Per Drop.' It integrates several water conservation and irrigation schemes under a unified framework to improve water use efficiency.