Consider the following statements:1. It was only in the 1990s the worl...
To determine which of the statements is not correct, let's evaluate them individually:
1. **It was only in the 1990s the world and the WB/IMF changed its opinion regarding the agriculture sector.**
- This statement is not accurate. The World Bank (WB) and the International Monetary Fund (IMF) had been involved in discussions and initiatives related to agriculture well before the 1990s. There were significant agricultural development projects and policy recommendations by these institutions in earlier decades, particularly during the Green Revolution period of the 1960s and 1970s.
2. **After the 1990s emphasis on the agriculture sector by an economy was considered as a sign of backwardness.**
- This statement is not entirely correct either. While there may have been a shift in focus towards industrialization and services in many developing economies, emphasizing agriculture has not necessarily been viewed as a sign of backwardness. Sustainable agricultural development has continued to be recognized as crucial for food security, rural development, and overall economic stability.
Given this analysis:
- Statement 1 is incorrect.
- Statement 2 is also incorrect.
Therefore, the correct answer is:
2. **Both 1 and 2**
Consider the following statements:1. It was only in the 1990s the worl...
Explanation:
The statement 1 is partially correct, while statement 2 is incorrect. Let's understand each statement in detail:
Statement 1: It was only in the 1990s the world and the WB/IMF changed its opinion regarding the agriculture sector.
This statement is partially correct. Before the 1990s, the World Bank and the International Monetary Fund (IMF) had a negative opinion about the agriculture sector as they believed that industrialization and urbanization were the main drivers of economic growth. However, after the 1990s, there was a shift in their approach as they recognized the importance of agriculture for poverty reduction, food security, and overall economic development. Therefore, the statement 1 is partially correct.
Statement 2: After the 1990s emphasis on the agriculture sector by an economy was considered as a sign of backwardness.
This statement is incorrect. After the 1990s, the emphasis on the agriculture sector by an economy was not considered a sign of backwardness. In fact, many countries, including India, have given priority to the agriculture sector in their development plans. Agriculture is considered a crucial sector for the overall development of an economy, and its neglect can lead to adverse consequences. Therefore, the statement 2 is incorrect.
Conclusion:
In conclusion, option 'B' is the correct answer as statement 2 is incorrect. After the 1990s, the emphasis on the agriculture sector by an economy was not considered a sign of backwardness.