Topic Details (Notes format)

Agricultural Reforms and Future Roadmap

Subject: Economics

Book: Comprehensive Indian Economy

Recent policy debates highlight contract farming, dismantling outdated APMC structures, and encouraging private investment in agri-supply chains. Technology-driven solutions—like precision farming, drone-based soil analysis—offer productivity boosts. However, smallholders need credit support, irrigation coverage, and risk management through crop insurance. Exam angles include analyzing farm protest contexts, global best practices, and how to incorporate sustainable methods (organic, zero-budget natural farming). A forward-looking approach envisions farmer producer organizations (FPOs), better extension services, and robust e-market platforms that reduce middlemen. Understanding these reforms is pivotal for ensuring food security and doubling farmer incomes.

Practice Questions

What does the term "depreciation" refer to in the context of assets?

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Which of the following best describes “capital formation”?

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What is meant by “marginal propensity to consume”?

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What does “Laissez-faire” policy advocate?

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What is the main purpose of monetary policy?

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What does the term “capital account” refer to in the balance of payments?

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What does the Gini Coefficient measure?

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Which organization publishes the Human Development Index (HDI)?

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What is the primary goal of a progressive tax system?

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What is meant by “stagflation”?

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