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.
Which economic concept is described as “the next best alternative foregone”?
View QuestionWhich term refers to an economy that has elements of both capitalism and socialism?
View QuestionWhat does “balance of trade” refer to?
View QuestionWhich of the following is an example of a public sector undertaking (PSU) in India?
View QuestionWhich term refers to the decrease in the value of a currency relative to foreign currencies?
View QuestionWhat is meant by “structural unemployment”?
View QuestionWhich of the following is a feature of a command economy?
View QuestionWhat is the meaning of "fiscal deficit"?
View QuestionWhat is “fiscal stimulus”?
View QuestionWhich of the following is NOT a component of Aggregate Demand?
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