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In India, which of the following can be considered as public investment in agriculture?
1. Fixing Minimum Support Price for agricultural produce of all crops
2. Computerization of Primary Agricultural Credit Societies
3. Social Capital development
4. Free electricity supply to farmers
5. Waiver of agricultural loans by the banking system
6. Setting up of cold storage facilities by the governments
2. Computerization of Primary Agricultural Credit Societies
3. Social Capital development
4. Free electricity supply to farmers
5. Waiver of agricultural loans by the banking system
6. Setting up of cold storage facilities by the governments
Select the correct answer using the code given below:
- a)1, 2 and 5 only
- b)1, 3, 4 and 5 only
- c)2, 3 and 6 only
- d)1, 2, 3, 4, 5 and 6
Correct answer is option 'C'. Can you explain this answer?
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Verified Answer
In India, which of the following can be considered as public investmen...
Public investment in Agriculture constitutes investments made by government to create capital or social assets to improve agricultural productivity. Fixing MSP gives farmers the remunerative price without creating any durable infrastructure. So, (1) is not correct.
Computerization Agri credit societies improves their productivity by digitising their functioning. Social capital development like agri education improves the knowledge base of farmers paving the way for improved productivity. So, (2) and (3) are correct.
While free electricity and waiver of agri loans creates government liabilities without creating any durable assets on ground. So, (4) and (5) are not correct.
Cold chain infra also helps reduce post-harvest losses creating durable assets. So, (6) is correct.
Therefore, the correct answer is (c).
Therefore, the correct answer is (c).
Most Upvoted Answer
In India, which of the following can be considered as public investmen...
Public Investment in Agriculture in India
Public investment in agriculture refers to the government's expenditure on various agricultural projects and programs aimed at improving the agricultural productivity and income of farmers. Some of the examples of public investment in agriculture in India are:
1. Fixing Minimum Support Price (MSP) for agricultural produce of all crops: MSP is the price at which the government purchases crops from farmers to ensure that they get a fair and remunerative price for their produce. The government announces MSP for various crops every year, based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
2. Computerization of Primary Agricultural Credit Societies (PACS): PACS are the primary units of rural credit system which provide credit to small and marginal farmers. The government has initiated the process of computerization of PACS to improve their efficiency and to provide better credit facilities to farmers.
3. Social Capital Development: Social capital development refers to the government's efforts to build social networks, institutions and norms that support the development of agriculture. Some of the examples of social capital development are the formation of self-help groups (SHGs), farmer producer organizations (FPOs), and cooperatives.
4. Free electricity supply to farmers: The government provides free or subsidized electricity to farmers for irrigation purposes. This is aimed at reducing the cost of cultivation and improving the productivity of crops.
5. Waiver of agricultural loans by the banking system: The government has announced various loan waiver schemes for farmers in distress. These schemes aim to provide relief to farmers who are unable to repay their loans due to various reasons like crop failure, natural calamities, etc.
6. Setting up of cold storage facilities by the governments: The government has set up cold storage facilities for the storage of perishable agricultural produce like fruits and vegetables. This helps in reducing post-harvest losses and ensures better prices for farmers.
Correct answer: Option (c) 2, 3 and 6 only.
Explanation:
- Fixing Minimum Support Price (MSP) is a price policy and not a public investment.
- Computerization of Primary Agricultural Credit Societies (PACS) is a public investment aimed at improving the efficiency of rural credit system.
- Social Capital Development is a public investment aimed at building social networks and institutions that support the development of agriculture.
- Free electricity supply to farmers is a subsidy and not a public investment.
- Waiver of agricultural loans by the banking system is a relief measure and not a public investment.
- Setting up of cold storage facilities by the governments is a public investment aimed at reducing post-harvest losses and improving the income of farmers.
Public investment in agriculture refers to the government's expenditure on various agricultural projects and programs aimed at improving the agricultural productivity and income of farmers. Some of the examples of public investment in agriculture in India are:
1. Fixing Minimum Support Price (MSP) for agricultural produce of all crops: MSP is the price at which the government purchases crops from farmers to ensure that they get a fair and remunerative price for their produce. The government announces MSP for various crops every year, based on the recommendations of the Commission for Agricultural Costs and Prices (CACP).
2. Computerization of Primary Agricultural Credit Societies (PACS): PACS are the primary units of rural credit system which provide credit to small and marginal farmers. The government has initiated the process of computerization of PACS to improve their efficiency and to provide better credit facilities to farmers.
3. Social Capital Development: Social capital development refers to the government's efforts to build social networks, institutions and norms that support the development of agriculture. Some of the examples of social capital development are the formation of self-help groups (SHGs), farmer producer organizations (FPOs), and cooperatives.
4. Free electricity supply to farmers: The government provides free or subsidized electricity to farmers for irrigation purposes. This is aimed at reducing the cost of cultivation and improving the productivity of crops.
5. Waiver of agricultural loans by the banking system: The government has announced various loan waiver schemes for farmers in distress. These schemes aim to provide relief to farmers who are unable to repay their loans due to various reasons like crop failure, natural calamities, etc.
6. Setting up of cold storage facilities by the governments: The government has set up cold storage facilities for the storage of perishable agricultural produce like fruits and vegetables. This helps in reducing post-harvest losses and ensures better prices for farmers.
Correct answer: Option (c) 2, 3 and 6 only.
Explanation:
- Fixing Minimum Support Price (MSP) is a price policy and not a public investment.
- Computerization of Primary Agricultural Credit Societies (PACS) is a public investment aimed at improving the efficiency of rural credit system.
- Social Capital Development is a public investment aimed at building social networks and institutions that support the development of agriculture.
- Free electricity supply to farmers is a subsidy and not a public investment.
- Waiver of agricultural loans by the banking system is a relief measure and not a public investment.
- Setting up of cold storage facilities by the governments is a public investment aimed at reducing post-harvest losses and improving the income of farmers.
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In India, which of the following can be considered as public investment in agriculture?1. Fixing Minimum Support Price for agricultural produce of all crops2. Computerization of Primary Agricultural Credit Societies3. Social Capital development4. Free electricity supply to farmers5. Waiver of agricultural loans by the banking system6. Setting up of cold storage facilities by the governmentsSelect the correct answer using the code given below:a)1, 2 and 5 onlyb)1, 3, 4 and 5 onlyc)2, 3 and 6 onlyd)1, 2, 3, 4, 5 and 6Correct answer is option 'C'. Can you explain this answer?
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In India, which of the following can be considered as public investment in agriculture?1. Fixing Minimum Support Price for agricultural produce of all crops2. Computerization of Primary Agricultural Credit Societies3. Social Capital development4. Free electricity supply to farmers5. Waiver of agricultural loans by the banking system6. Setting up of cold storage facilities by the governmentsSelect the correct answer using the code given below:a)1, 2 and 5 onlyb)1, 3, 4 and 5 onlyc)2, 3 and 6 onlyd)1, 2, 3, 4, 5 and 6Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about In India, which of the following can be considered as public investment in agriculture?1. Fixing Minimum Support Price for agricultural produce of all crops2. Computerization of Primary Agricultural Credit Societies3. Social Capital development4. Free electricity supply to farmers5. Waiver of agricultural loans by the banking system6. Setting up of cold storage facilities by the governmentsSelect the correct answer using the code given below:a)1, 2 and 5 onlyb)1, 3, 4 and 5 onlyc)2, 3 and 6 onlyd)1, 2, 3, 4, 5 and 6Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In India, which of the following can be considered as public investment in agriculture?1. Fixing Minimum Support Price for agricultural produce of all crops2. Computerization of Primary Agricultural Credit Societies3. Social Capital development4. Free electricity supply to farmers5. Waiver of agricultural loans by the banking system6. Setting up of cold storage facilities by the governmentsSelect the correct answer using the code given below:a)1, 2 and 5 onlyb)1, 3, 4 and 5 onlyc)2, 3 and 6 onlyd)1, 2, 3, 4, 5 and 6Correct answer is option 'C'. Can you explain this answer?.
In India, which of the following can be considered as public investment in agriculture?1. Fixing Minimum Support Price for agricultural produce of all crops2. Computerization of Primary Agricultural Credit Societies3. Social Capital development4. Free electricity supply to farmers5. Waiver of agricultural loans by the banking system6. Setting up of cold storage facilities by the governmentsSelect the correct answer using the code given below:a)1, 2 and 5 onlyb)1, 3, 4 and 5 onlyc)2, 3 and 6 onlyd)1, 2, 3, 4, 5 and 6Correct answer is option 'C'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about In India, which of the following can be considered as public investment in agriculture?1. Fixing Minimum Support Price for agricultural produce of all crops2. Computerization of Primary Agricultural Credit Societies3. Social Capital development4. Free electricity supply to farmers5. Waiver of agricultural loans by the banking system6. Setting up of cold storage facilities by the governmentsSelect the correct answer using the code given below:a)1, 2 and 5 onlyb)1, 3, 4 and 5 onlyc)2, 3 and 6 onlyd)1, 2, 3, 4, 5 and 6Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for In India, which of the following can be considered as public investment in agriculture?1. Fixing Minimum Support Price for agricultural produce of all crops2. Computerization of Primary Agricultural Credit Societies3. Social Capital development4. Free electricity supply to farmers5. Waiver of agricultural loans by the banking system6. Setting up of cold storage facilities by the governmentsSelect the correct answer using the code given below:a)1, 2 and 5 onlyb)1, 3, 4 and 5 onlyc)2, 3 and 6 onlyd)1, 2, 3, 4, 5 and 6Correct answer is option 'C'. Can you explain this answer?.
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