Tag: agricultural market system

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Questions Related to agricultural market system

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

The fact that there is greater risk in depending exclusively on farming for livelihood gives rise to ?

  1. Substitution

  2. Divercification

  3. Imports

  4. Shutdown of agriculture Markets
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Depending exclusively on farming is risky due to crop failures, price fluctuations, and weather dependence. This leads farmers to diversify into non-farm activities to reduce risk.

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

Agricultural Prosperity is linked with the standard of living of the people. This statement is __________.

  1. True

  2. False

  3. Partially True

  4. Nothing can be said
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Agricultural prosperity increases rural income, which directly improves the purchasing power and overall standard of living for the rural population.

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

Crop Failure leads to reduced supply and increased prices of food products, thereby affecting ______________.

  1. cost of living

  2. standard of living

  3. both (a) and (b)

  4. neither (a) nor (b)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

When crop failure occurs, food supply drops and prices rise. This increases the cost of living and lowers the standard of living for consumers.

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

There will be a __________ demand for industrial and consumer goods in rural areas, in case of prosperity in agriculture. 

  1. low

  2. moderate

  3. high

  4. can't be determined
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Agricultural prosperity increases the disposable income of rural households, which leads to higher demand for industrial and consumer goods in those areas.

Multiple choice economics the state of the indian economy on the eve of independence agricultural market system policy of agriculture, industry and foreign trade under british rule rural development

More people employed in Agriculture leads to _____________.

  1. employment opportunity in rural areas

  2. avoidance of Urban Congestion and Urban Pollution

  3. eeduction in Rural Brain Drain

  4. all of the above
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

More agricultural employment reduces rural unemployment, prevents urban migration (reducing congestion and pollution), and reduces rural brain drain as youth find local opportunities.