Topic Details (Notes format)

Contract Farming and Value Chains

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

Contract farming arrangements link buyers (food processors, retailers) directly with farmers, providing assured markets, quality inputs, and technical support. This can stabilize incomes and reduce post-harvest losses. However, critics worry about exploitive contracts or reduced farmer autonomy. For exam prep, analyze legal frameworks, dispute mechanisms, and global examples (Thailand’s poultry sector). Linking farmers to high-value supply chains (horticulture, dairy) catalyzes rural prosperity but hinges on strong institutional checks.

Practice Questions

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

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Which of the following measures is most effective in controlling inflation?

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What is the purpose of the "Minimum Support Price" (MSP) in India?

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What is meant by “crowding out” in economics?

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Which of the following is an example of fiscal policy?

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Which of the following is a direct tax?

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What is the main purpose of monetary policy?

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

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What is the term for the price at which demand and supply in a market are equal?

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What is the primary role of the Securities and Exchange Board of India (SEBI)?

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