Topic Details (Notes format)

Agriculture in India

Subject: Economics

Book: Comprehensive Indian Economy

Agriculture employs a significant portion of India’s workforce, though its GDP share has declined post-reforms. Key areas include crop diversification, irrigation, allied activities (dairy, fisheries), and government interventions like Minimum Support Price (MSP). Challenges persist: small landholdings, volatile monsoons, and inadequate market linkages. Green Revolution successes and subsequent missions—White Revolution, Blue Revolution—offer insights into sectoral transformations. For exams, note critical aspects like the Pradhan Mantri Fasal Bima Yojana (crop insurance), e-NAM (digital trading platforms), and the push for sustainable practices under climate stress. Reforms in agri-marketing and contract farming also feature in contemporary debates.

Practice Questions

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

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What does the “Phillips Curve” show?

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Which of the following is a feature of monopolistic competition?

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What is the meaning of “dumping” in international trade?

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Which is the largest source of tax revenue for the Government of India?

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What is meant by the term “current account deficit”?

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What is the objective of the Pradhan Mantri Jan Dhan Yojana?

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What is “open market operations” (OMO)?

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Which of the following is an example of a non-renewable resource?

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What is the significance of “Purchasing Power Parity” (PPP)?

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