Budget 2018-19 MCQs 1-10 on Agriculture And Rural Dev for NABARD Gr A/B 2018 Video Lecture - Current Affairs

hi friends welcome to a new table so as
part of this video series we shall be
discussing MC cues that are based on the
agriculture and rural economy related
announcements made in the union budget
2018-19
now this particular video series is very
important from the pod create a or P
2018 examination as it forms a major
part of the ESI and Agriculture and
Rural Development paper now friends we
have already covered ESI related
announcements in a separate video series
this series specifically caters to the
agriculture and rural development
related announcements now before we move
ahead let us have a look at how has a
new table covered union budget 2018-19
the first thing is an introductory video
on union budget 2018-19 where we have
explained at length as to how to
approach this document from the point of
view of examination second thing we have
provided extrapolated MCQs with detailed
explanations the third thing is this
video series where we shall be
discussing the MCQs now as part of this
particular video we shall discuss
questions that are numbered from 1 to 10
and these questions are regarding the
agriculture and rural economy related
announcements now let us start with the
question above ah so it says that in the
union budget 2018-19
the government has made an important
announcement regarding the MSP of crops
MSP is minimum support price the MSP for
all announced her as crops would be at
least how many times the production cost
now friends this announcement is very
important and the answer to this
question stands to be 1.5 times now what
are the other things that we need to
study as part of this question we need
to know what do we mean by MSP that is a
minimum support price how is it
different from
procurement price right what is meant by
issue price so these are some of the
terms we need to be familiar with right
so friends before we move forward it is
very important for us to understand that
these are just sample questions that are
based on the agriculture and rural
economy related announcements now we
have provided detailed explanations so
that from those detailed explanations
there are numerous questions that can be
formed so it is very important for us to
not only study these particular
questions but also go into the detail of
the explanation so that we are ready for
any type of question that comes away in
the examination now as discussed earlier
can he go through the document and read
in detail what is meant by MSP how's it
different from procurement price what is
an issue price what are the crops that
are for which the MSP is announced by
the government and etc so it is very
important for you to cover this in a
holistic manner now let us move on to
question number 2 right so the unit
budget 2018-19 the government has
announced to increase the institutional
credit for agriculture sector - how much
for the year 2018 19 from the earlier
rupees 10 lakh crore that was there in
2017 80 right so friends this is a very
it straightforward direct factual
question so the answer to this question
is rupees leaven lab crew so kindly note
this data from the exam point of view
so the volume of institutional credit
for agriculture sector has seen an
increase from ear to ear so initially in
2014-15 it was just rupees eight point
five lakh crow then it has moved on to
ten lakh crore in the year 2017 18 now
the present allocation stands to be
rupees 11 lakh crow that we have
discussed now let us discuss question
number three so the question says the
setting up of two new funds
what are those funds fisheries and
aquaculture infrastructure development
fund for fisheries sector as well as an
animal husbandry Infrastructure
Development Fund for financing
infrastructure requirement of animal has
battery sector has been announced in the
budget 2018-19 now what is the total
corpus of the two new funds that have
been announced so friends this is a very
straightforward question so kindly note
this allocation it is very very
important from the point of view of
examination the answer stands to be
rupees 10000 crore right so this has
been announced in the union budget
2018-19 now friends a similar
announcement was made in the previous
budget of 2017-18 but that was regarding
the setting up of dairy infrastructure
development fund so there was also a
question in the examination pertaining
to the budgetary allocation of that
particular fund so automatically this
question becomes important from the exam
point of view now friends let us have a
look at what are the other announcements
that could help the fisheries as well as
animal has battery sector okay the first
thing is we have seen that two funds
were set up right with the corpus of
rupees 10,000 Crowe kindly keep this
data in mind next the government has
decided to extend the facility of kiss
on credit cards to this sector now what
should be our next step we should
understand the features of KISS on
credit cars so by knowing that we would
be prepared
to face any kind of questions that comes
in the examination so this particular
scheme that is a Kazakh credit card
scheme was first proposed in the budget
of 1998-99 this is a fact that you need
to remember right so consequent to this
Navarre had actually prepared a model
kiss on credit card scheme in
consultation with the major banks so it
was prepared on the basis of our v gupta
committee again a factual question keep
this in mind as well now kindly go to
the mcq document to see the other
features of this particular scheme like
who are the beneficiaries and which of
the following or which of the financial
institutions are eligible to provide
this kiss on credit cards now let us
move on to question number four so in
the union budget 2018-19 the government
has announced the launch of the
restructured national bamboo mission
which is based on a cluster based
approach to address the complete bamboo
value chain and from more bamboo sector
in a holistic manner now what has been
the outlet for this scheme the answer
for this question is rupees 1000 to 90
crore
now currently note this it is a very
important question so from the exact
point of view you need to memorize this
location now in the field of bamboo
sector there is one other important
announcement that was made during the
year now let us have a look at it as
well now there was an amendment which
was made to the Indian forest act of
1927 so this amendment is very important
so this entire development needs to be
studied properly from the exam point of
view so now under this act that is the
Indian Forest Act there is a definition
of tree which includes palms bamboos
tons brushwood and canes so after this
amendment so basically what they're
doing is they're amending this
definition of tree and removing the word
bamboos
so now onwards BAM who would not be
categorized as tree so what happens is
boy why is
I need to do this since bamboo is
defined as a tree under that act
it's interstate movement requires permit
right so now because of this amendment
felling or maybe any transportation of
bamboos which is grown and non forest
areas will not require any permits so
kindly note this we have made a separate
video on this particular development so
that video contains detailed analysis of
this important amendment that has taken
place to the Indian forest at 1927
kindly go to that particular current
affairs video and have a look at each
and every point of it this is very
important from the point of your
examination now let us move to question
number 5 so the union budget 2018-19 the
government has announced the launching
of operation crates to address the price
changes of perishable commodities like
potatoes tomatoes and onion so what is
the outlay of this particular scheme
friends please study this scheme in a
holistic manner operation greens we have
made a separate video regarding this
scheme and we have highlighted the
important points regarding it now coming
to the answer for this question so what
is the outlay the outlay stands to be
rupees 500 Crowe very simple
straightforward question this data needs
to be memorized moving on to question
number 6 so in the unit budget 2018-19
it has been announced that they would be
hundred percent deduction in respect of
profits to farm a producer companies
which have a turnover of up to rupees
hundred crore this deduction has been
announced for a period of how many years
starting from the financial year of 2018
90 the answer to this question is five
years so kindly go to the document have
a look at the development and kindly
make a note of what do we mean by former
producer organizations these terms need
to be familiar with now let us move on
to question number seven in the unit
budget
a b9t how much amount has been allocated
to support organized cultivation of
highly specialized medicinal and
aromatic plants and its small and
cottage industries at manufacture
perfumes essential oils and other
associated products the answer to this
question is rupees 200 crore nothing
much to be explained about this question
let's discuss question number 8 it says
that in the union budget 2018-19
it has been announced that an ugly
market infrastructure fund very
important I will repeat this again agree
market infrastructure fund will be set
up for developing and upgrading
agricultural market infrastructure in
22,000 Grameen agricultural markets and
585 agriculture produced Marketing
committees so now how much corpus has
been set up for this purpose the answer
is very simple
tangley memorized this allocation it is
rupees 2000 crore now friends
regarding this a PMC there was a very
important announcement that was made in
the budget 2017-18 as well kindly good
to the MC q document for the detail
explanation we would have mentioned what
was the previous announcement that was
made and what is the present status
regarding that announcements moving on
to question number 9
it says that which of the following is
the amount allocated for Ministry of
food processing the answer to this
question simple rupees 1400 crew now
kindly note this figure in mind compared
to the allocation made in the previous
budget it has been doubled so it was 715
crore in the last year budget and now it
has been moved or increased to 1,400
crore
now friends there is a very important
scheme which is related to the food
processing sector that is the Sampada
yogena
Prime Minister Krishi sampradayas na so
this is basically a flagship program for
boosting investment in the food
processing sector right so it is very
important for us to be aware of the
features regarding this particular
scheme now let us move on to the next
question that is question number 10 it
says which of the following schemes has
been renamed as Prime Minister Clichy
Sampada use not by the government so is
it the aggro scheme is it the integrated
food processing scheme is it the ugly
cluster scheme Sampada scheme or none of
the above the answer is very simple and
direct in fact it is a Sampada scheme
now as I repeated earlier be sure that
you are aware of all the salient
features of this scheme before you enter
your examination this scheme is a very
important scheme from the point of view
of agriculture sector now let us see
some of the few points regarding the
scheme the first thing the Sun Petoskey
was approved in May 2007 t okay so this
is the first point
kindly noted the second thing it was
approved for a period of four years that
is from 2016 to 20 note this point the
second one third this particular scheme
was renamed as pradhan mantri Kisan
Sampada yogena in August 2007 t the
third point to note so basically what is
the scheme all about it is an umbrella
scheme which incorporates the ongoing
schemes of the food processing ministry
so kindly go into the details as well
with this friends we have discussed
questions numbered from 1 to 10 in the
next video we shall be having a look at
questions numbered from leaven
20 till then friends thank you happy
learning