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Indian EconomyEasy

Who is known as the father of the white revolution in India?

  1. A.M. S. Swaminathan
  2. B.Verghese Kurien
  3. C.Norman Borlaug
  4. D.Hiralal Chaudhuri

Correct answer

B. Verghese Kurien

Explanation

The correct answer is B, Verghese Kurien, who built the dairy cooperative of Kaira district at Anand in Gujarat, known by the brand name Amul, and then carried the Anand pattern across the country through the National Dairy Development Board, whose Operation Flood began in 1970 and made India the largest producer of milk. Option A, M. S. Swaminathan, is called the father of the green revolution in India for bringing high-yielding wheat and rice to Indian fields. Option C, Norman Borlaug, bred the dwarf wheat varieties behind the green revolution worldwide and won the Nobel Peace Prize in 1970, so he belongs to the same revolution but not to this one. Option D, Hiralal Chaudhuri, is associated with the blue revolution in fish breeding. Colour-coded revolutions are a favourite matching question, so keep white for milk.

Read the full article: Cooperatives and Self-Help Groups: Acts, NABARD and SHGs

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Q1.Indian EconomyEasy

Which was the first cooperative law enacted in India?

  1. A.The Cooperative Credit Societies Act, 1904
  2. B.The Cooperative Societies Act, 1912
  3. C.The Multi-State Cooperative Societies Act, 1984
  4. D.The Banking Regulation Act, 1949
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Correct answer: A. The Cooperative Credit Societies Act, 1904

It was the first law on the subject and gave village credit societies a legal form, following the recommendation of the Famine Commission and the study of European land banks by Frederick Nicholson, with the German Raiffeisen societies as the model.

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Q4.Indian EconomyEasy

NABARD was established in which year?

  1. A.1969
  2. B.1975
  3. C.1982
  4. D.1991
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Correct answer: C. 1982

The National Bank for Agriculture and Rural Development began work on 12 July 1982 on the recommendation of the Committee to Review Arrangements for Institutional Credit for Agriculture and Rural Development, chaired by B. Sivaraman, and it has its head office at Mumbai.

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Q5.Indian EconomyMedium

In the three-tier short-term cooperative credit structure, which institution works at the village level?

  1. A.The State Cooperative Bank
  2. B.The District Central Cooperative Bank
  3. C.The Primary Agricultural Credit Society
  4. D.The Regional Rural Bank
Show answer
Correct answer: C. The Primary Agricultural Credit Society

The correct answer is C, the Primary Agricultural Credit Society, the body of farmer members in a village or a group of villages that lends directly to the cultivator for seed, fertiliser and other short-term needs.

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