Multiple choice

For which of the given reasons is agriculture considered a perquisite for economic development of India?

  1. It is a great source of foreign exchange.
  2. It is a source of supply of basic wage goods.
  3. It is a source of supply of raw material to industries.

  1. Only 3

  2. Only 2 and 3

  3. All 1, 2 and 3

  4. Only 1 and 3
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Agriculture is an important sector of Indian economy. It is source of supply of basic wage goods, i.e. food items to industry as well as people on the whole. It provides raw materials to various agro-based industries. It is also a great source of foreign exchange for the economy, especially for a developing country like India, where a large share of its population depends, directly or indirectly, upon agriculture.

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