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 is “inflation targeting”?

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What does “balance of trade” refer to?

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What is the meaning of "fiscal deficit"?

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Which of the following is NOT a component of Aggregate Demand?

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What is meant by “marginal propensity to consume”?

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Which of the following is a feature of a command economy?

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

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

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Which of the following is NOT part of the World Bank Group?

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What is “open market operations” (OMO)?

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