Directions : Read the passage carefully and answer the questions given below it. Certain words/ phrases have been given in bold to help you locate them while answering some of the questions.Farmers have progressed the world over yet they are languishing in this country. Despite decades of industrial development, about 600 million Indians, or roughly half the population, depend on growing crops or rearing animals to earn a living. The country still relies on imports of essential items, such as pulses and cooking oil. Almost half of the average Indian householdandrsquo;s expenditure is on food, an important factor behind inflation. Food security at the micro level remains elusive. The global development experience, especially of the BRICS countries, reveals that one percentage point growth in agriculture is at least two to three times more effective in reducing poverty than the same degree of growth emanating from the non-agriculture sector.Of late, the woes of the farmer have exacerbated. Untimely rain damaged winter crops in northern India. The heat wave killed more than 2000 people - mostly working in the fields. Suicides by farmers, owing to the low price of their produce, are almost a recurrent tragedy. There is general concern over the monsoon; patchy or inadequate rainfall can spell disaster. Low productivity is a chronic problem because of the shrinking size of the cultivated plots. Two-grain harvests a year are fairly routine. But the yields are low by global standards. The policy message for reforming agriculture is very clear. The areas which merit urgent and concerted attention to streamlining agriculture revolve around investment, incentive, and institutions. We need to rationalise and prune input subsidies. The savings, thus generated, should be invested in agriculture - Research andamp; Development at rural roads, rural education, irrigation and water works. Higher levels of investment in agriculture both by the public and private sector can yield much better results. Policy -makers must be bold to bite the bullet and drastically cut subsidies which will open the avenue for increasing the size of the public investment. One way to contain the subsidy bill is to provide subsidies directly to farmers. Private investment is the engine of agricultural growth. Again, it responds to incentives. Much of the adverse impact on incentives comes from strangulating the domestic market under the Essential Commodities Act (ECA) 1955. This law allows the state to restrict movement of agro-products across state boundaries. Furthermore, the law bans the storage of large quantities of any of the 90 commodities, including onions and wheat. The intention is to deter andlsquo;hoardingandrsquo;, but it has adversely affected investment in cold storages and warehouses. Therefore, a substantial quantity of crops rots before they reach the dining table.Q. Which of the following sectors is sluggish in our country compared to the others?a)Industrial sectorb)Agricultural sectorc)Private sectord)Technological sectore)Service sectorCorrect answer is option 'B'. Can you explain this answer?

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Directions : Read the passage carefully and answer the questions given below it. Certain words/ phrases have been given in bold to help you locate them while answering some of the questions.

Farmers have progressed the world over yet they are languishing in this country. Despite decades of industrial development, about 600 million Indians, or roughly half the population, depend on growing crops or rearing animals to earn a living. The country still relies on imports of essential items, such as pulses and cooking oil. Almost half of the average Indian household’s expenditure is on food, an important factor behind inflation. Food security at the micro level remains elusive. The global development experience, especially of the BRICS countries, reveals that one percentage point growth in agriculture is at least two to three times more effective in reducing poverty than the same degree of growth emanating from the non-agriculture sector.

Of late, the woes of the farmer have exacerbated. Untimely rain damaged winter crops in northern India. The heat wave killed more than 2000 people - mostly working in the fields. Suicides by farmers, owing to the low price of their produce, are almost a recurrent tragedy. There is general concern over the monsoon; patchy or inadequate rainfall can spell disaster. Low productivity is a chronic problem because of the shrinking size of the cultivated plots. Two-grain harvests a year are fairly routine. But the yields are low by global standards. The policy message for reforming agriculture is very clear. The areas which merit urgent and concerted attention to streamlining agriculture revolve around investment, incentive, and institutions. We need to rationalise and prune input subsidies. The savings, thus generated, should be invested in agriculture - Research & Development at rural roads, rural education, irrigation and water works. Higher levels of investment in agriculture both by the public and private sector can yield much better results. Policy -makers must be bold to bite the bullet and drastically cut subsidies which will open the avenue for increasing the size of the public investment. One way to contain the subsidy bill is to provide subsidies directly to farmers. Private investment is the engine of agricultural growth. Again, it responds to incentives. Much of the adverse impact on incentives comes from strangulating the domestic market under the Essential Commodities Act (ECA) 1955. This law allows the state to restrict movement of agro-products across state boundaries. Furthermore, the law bans the storage of large quantities of any of the 90 commodities, including onions and wheat. The intention is to deter ‘hoarding’, but it has adversely affected investment in cold storages and warehouses. Therefore, a substantial quantity of crops rots before they reach the dining table.

Q. Which of the following sectors is sluggish in our country compared to the others?

a)
Industrial sector
b)
Agricultural sector
c)
Private sector
d)
Technological sector
e)
Service sector

Correct answer is option 'B'. Can you explain this answer?

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Directions : Read the passage carefully and answer the questions given...

Overview of Agricultural Sluggishness
The passage highlights the challenges faced by the agricultural sector in India, indicating that it is indeed sluggish compared to other sectors.

Dependence on Agriculture
- Approximately **600 million Indians** depend on agriculture for their livelihood.
- Despite this reliance, the agricultural sector struggles to meet the needs of the population.

Comparison with Other Sectors
- The passage states that while other sectors, particularly industrial development, have seen progress, agriculture remains stagnant.
- It emphasizes that growth in agriculture is crucial for poverty reduction, stating that a **1% growth** in agriculture is **2-3 times more effective** in alleviating poverty than growth in non-agricultural sectors.

Challenges Faced
- Farmers are suffering from various issues:
- **Untimely rains** damaging crops.
- **Heatwaves** causing loss of life.
- **Low prices** leading to farmer suicides.
- The **low productivity** and shrinking cultivated plots further exacerbate the situation, distinguishing agriculture as a sector in dire need of reform.

Need for Reform
- The passage calls for urgent reforms in agriculture through increased **investment, incentives, and better institutions**.
- It suggests that cutting subsidies and redirecting funds to essential services like rural education and irrigation can significantly benefit agricultural output.

Conclusion
In summary, the agricultural sector in India is sluggish compared to the industrial and service sectors, facing numerous challenges that hinder its growth and the well-being of millions who depend on it.

Answered by Notes Wala · View profile

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Read the following passage carefully and answer the questions given below it. Certain words/phrases have been underlineto help you locate them while answering some of the questions.The modern world requires us to repose trust in many anonymous institutions. We strap ourselves in a flying tin can with two hundred other people not because we know the pilot but because we believe that airline travel is safe. Our trust in these institutions depends on two factors : skills and ethics. We expect that the people who run these institutions know what they are doing, that they build and operate machines that work as they are supposed to and that they are looking out for our welfare even though we are strangers.When one of these factors is weak or absent, trust breaks down and we either pay a high price in safety- as in the Bhopal tragedy -or a large ‘welfare premium’ such as the elaborate security measures at airports. Trust-deficient environments work in the favour of the rich and powerful, who can commandpremiumtreatment and afford welfare premiums. Poor people can command neither; which is why air travel is safer than train travel, which in turn is safer than walking by the road side.Every modern society depends on the trust in the skills and ethics of a variety of institutions such as schools and colleges, hospital and markets. If we stopped believing in theexpertiseof our teachers, doctors and engineers, we will stop being a modern society.As the Institution among institutions, it is the duty of the state to ensure that all other institutions meet their ethicalobligations. The Indian state has failed in its regulatory role. Consequently, we cannot trust our schools to turn out good graduates, we cannot ensure that our colleges turn out well trained engineers and we cannot guarantee that our engineers will turn out to be good products.Last year, I was invited to speak at an undergraduate research conference. Most of the participants in this conference were students at the best engineering colleges in the State. One student who was driving me back and forthrecounteda story about the previous year’s final exam. One of his papers had a question from a leading textbook to which the textbook’s answer was wrong. The student was in a dilemma : should he write the (wrong) answer as given in the textbook or should he write the right answer using his own analytical skills. He decided to do the latter and received a zero on that question. Clearly, as the student had suspected, the examiners were looking at the textbook answer while correcting the examination papers instead of verifying its correctness.The behaviour of these examiners is a breakdown of institutional morals, with consequences for the skills acquired by students. I say institutional morals, for the failure of these examiners is not a personal failure. At the same conference I met a whole range of college teachers, all of whom were drafted as examiners at some time or the other. Without exception, they were dedicated individuals who cared about the education and welfare of their students. However, when put in the institutional role of evaluating an anonymous individual, they fail in fulfilling their responsibilities. When some of our best colleges are run in this fashion, is it any wonder that we turn outunskilledengineers and scientists ? If, as we are led to expect, there is a vast increase in education at all levels and the regulatory regime is as weak as it is currently, isn’t it likely that the trust deficit is only going to increase ?We are all aware of the consequences of ignoring corruption at all levels of society. While institutional failures in governance are obvious, I think the real problem lies deeper, in the failure of every day institutions that are quite apart from institutions that impinge on our lives only on rare occasions. It is true that our lives are made more miserable by government officials demanding bribes for all sorts of things, but what about the everyday lying andcheating and breaking of rules with people who are strangers ?Let me give you an example that many of us have experienced. I prefer buying my fruits and vegetables from roadside vendors rather than chain stores. To the vendor, I am probably an ideal customer, since I do not bargain and I do not take hours choosing the best pieces, instead, letting the vendor do the selecting. The market near my house is quite busy; as a result, most vendors are selling their wares to strangers. It takes a while before a particular vendor realises that I am arepeatcustomer. In such a situation trust is crucial. I have a simple rule : if a vendorpalms offa bad piece whose defects are obvious, I never go back to that person again. It is amazing how often that happens.In my opinion, the failure of institutional ethics is as much about these little abuses of trust as anything else. Everyday thievery is like roadside trash; if you let it accumulate the whole neighbourhood stinks.Q. Why, according to the author, do people repose trust in Institutions they do not know ?

View answer

Read the following passage carefully and answer the questions given below it. Certain words/phrases have beenunderlineto help you locate them while answering some of the questions.The modern world requires us to repose trust in many anonymous institutions. We strap ourselves in a flying tin can with two hundred other people not because we know the pilot but because we believe that airline travel is safe. Our trust in these institutions depends on two factors : skills and ethics. We expect that the people who run these institutions know what they are doing, that they build and operate machines that work as they are supposed to and that they are looking out for our welfare even though we are strangers.When one of these factors is weak or absent, trust breaks down and we either pay a high price in safety- as in the Bhopal tragedy -or a large ‘welfare premium’ such as the elaborate security measures at airports. Trust-deficient environments work in the favour of the rich and powerful, who can commandpremiumtreatment and afford welfare premiums. Poor people can command neither; which is why air travel is safer than train travel, which in turn is safer than walking by the road side.Every modern society depends on the trust in the skills and ethics of a variety of institutions such as schools and colleges, hospital and markets. If we stopped believing in theexpertiseof our teachers, doctors and engineers, we will stop being a modern society.As the Institution among institutions, it is the duty of the state to ensure that all other institutions meet their ethicalobligations. The Indian state has failed in its regulatory role. Consequently, we cannot trust our schools to turn out good graduates, we cannot ensure that our colleges turn out well trained engineers and we cannot guarantee that our engineers will turn out to be good products.Last year, I was invited to speak at an undergraduate research conference. Most of the participants in this conference were students at the best engineering colleges in the State. One student who was driving me back and forthrecounteda story about the previous year’s final exam. One of his papers had a question from a leading textbook to which the textbook’s answer was wrong. The student was in a dilemma : should he write the (wrong) answer as given in the textbook or should he write the right answer using his own analytical skills. He decided to do the latter and received a zero on that question. Clearly, as the student had suspected, the examiners were looking at the textbook answer while correcting the examination papers instead of verifying its correctness.The behaviour of these examiners is a breakdown of institutional morals, with consequences for the skills acquired by students. I say institutional morals, for the failure of these examiners is not a personal failure. At the same conference I met a whole range of college teachers, all of whom were drafted as examiners at some time or the other. Without exception, they were dedicated individuals who cared about the education and welfare of their students. However, when put in the institutional role of evaluating an anonymous individual, they fail in fulfilling their responsibilities. When some of our best colleges are run in this fashion, is it any wonder that we turn outunskilledengineers and scientists ? If, as we are led to expect, there is a vast increase in education at all levels and the regulatory regime is as weak as it is currently, isn’t it likely that the trust deficit is only going to increase ?We are all aware of the consequences of ignoring corruption at all levels of society. While institutional failures in governance are obvious, I think the real problem lies deeper, in the failure of every day institutions that are quite apart from institutions that impinge on our lives only on rare occasions. It is true that our lives are made more miserable by government officials demanding bribes for all sorts of things, but what about the everyday lying andcheating and breaking of rules with people who are strangers ?Let me give you an example that many of us have experienced. I prefer buying my fruits and vegetables from roadside vendors rather than chain stores. To the vendor, I am probably an ideal customer, since I do not bargain and I do not take hours choosing the best pieces, instead, letting the vendor do the selecting. The market near my house is quite busy; as a result, most vendors are selling their wares to strangers. It takes a while before a particular vendor realises that I am arepeatcustomer. In such a situation trust is crucial. I have a simple rule : if a vendorpalms offa bad piece whose defects are obvious, I never go back to that person again. It is amazing how often that happens.In my opinion, the failure of institutional ethics is as much about these little abuses of trust as anything else. Everyday thievery is like roadside trash; if you let it accumulate the whole neighbourhood stinks.Q. Which of the following is possibly the most appropriate title for the passage ?

View answer

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Read the following passage carefully and answer the questions given below it. Certain words/phrases have been underlineto help you locate them while answering some of the questions.The modern world requires us to repose trust in many anonymous institutions. We strap ourselves in a flying tin can with two hundred other people not because we know the pilot but because we believe that airline travel is safe. Our trust in these institutions depends on two factors : skills and ethics. We expect that the people who run these institutions know what they are doing, that they build and operate machines that work as they are supposed to and that they are looking out for our welfare even though we are strangers.When one of these factors is weak or absent, trust breaks down and we either pay a high price in safety- as in the Bhopal tragedy -or a large ‘welfare premium’ such as the elaborate security measures at airports. Trust-deficient environments work in the favour of the rich and powerful, who can commandpremiumtreatment and afford welfare premiums. Poor people can command neither; which is why air travel is safer than train travel, which in turn is safer than walking by the road side.Every modern society depends on the trust in the skills and ethics of a variety of institutions such as schools and colleges, hospital and markets. If we stopped believing in theexpertiseof our teachers, doctors and engineers, we will stop being a modern society.As the Institution among institutions, it is the duty of the state to ensure that all other institutions meet their ethicalobligations. The Indian state has failed in its regulatory role. Consequently, we cannot trust our schools to turn out good graduates, we cannot ensure that our colleges turn out well trained engineers and we cannot guarantee that our engineers will turn out to be good products.Last year, I was invited to speak at an undergraduate research conference. Most of the participants in this conference were students at the best engineering colleges in the State. One student who was driving me back and forthrecounteda story about the previous year’s final exam. One of his papers had a question from a leading textbook to which the textbook’s answer was wrong. The student was in a dilemma : should he write the (wrong) answer as given in the textbook or should he write the right answer using his own analytical skills. He decided to do the latter and received a zero on that question. Clearly, as the student had suspected, the examiners were looking at the textbook answer while correcting the examination papers instead of verifying its correctness.The behaviour of these examiners is a breakdown of institutional morals, with consequences for the skills acquired by students. I say institutional morals, for the failure of these examiners is not a personal failure. At the same conference I met a whole range of college teachers, all of whom were drafted as examiners at some time or the other. Without exception, they were dedicated individuals who cared about the education and welfare of their students. However, when put in the institutional role of evaluating an anonymous individual, they fail in fulfilling their responsibilities. When some of our best colleges are run in this fashion, is it any wonder that we turn outunskilledengineers and scientists ? If, as we are led to expect, there is a vast increase in education at all levels and the regulatory regime is as weak as it is currently, isn’t it likely that the trust deficit is only going to increase ?We are all aware of the consequences of ignoring corruption at all levels of society. While institutional failures in governance are obvious, I think the real problem lies deeper, in the failure of every day institutions that are quite apart from institutions that impinge on our lives only on rare occasions. It is true that our lives are made more miserable by government officials demanding bribes for all sorts of things, but what about the everyday lying andcheating and breaking of rules with people who are strangers ?Let me give you an example that many of us have experienced. I prefer buying my fruits and vegetables from roadside vendors rather than chain stores. To the vendor, I am probably an ideal customer, since I do not bargain and I do not take hours choosing the best pieces, instead, letting the vendor do the selecting. The market near my house is quite busy; as a result, most vendors are selling their wares to strangers. It takes a while before a particular vendor realises that I am arepeatcustomer. In such a situation trust is crucial. I have a simple rule : if a vendorpalms offa bad piece whose defects are obvious, I never go back to that person again. It is amazing how often that happens.In my opinion, the failure of institutional ethics is as much about these little abuses of trust as anything else. Everyday thievery is like roadside trash; if you let it accumulate the whole neighbourhood stinks.Q. Why, according to the author, is the behaviour of examiners a breakdown of institutional morals ?

View answer

Directions: Answer the given question based on the following passage:Agriculture occupies a pivotal position for ensuring livelihood, food and nutritional security, sustainable development and eradication of poverty in India. It is the prime sector for generating employment opportunities for majority of the population of any country.The contribution of agriculture sector to the national gross domestic product (GDP) has been continuously declining over the years, while other sectors, especially the service sector, are showing an increasing trend. In 1970-71, agriculture sector contributed about 44 per cent of GDP, which declined substantially to 13.5 per cent in 2010-11 (at 2004-05).During the last decade, there was a paradigm shift in the patterns of production, consumption, and trade in Indian agriculture through the use of new technologies. The shift in production and consumption from food-grains to high-value agricultural commodities such as fruits and vegetables, milk and milk products, meat, eggs, fish, etc. took place in a big way. Now there is a declining share of traditional crops/commodities in production, consumption and trade in India. Agriculture, horticulture and other non-traditional high-value agricultural crops occupy an important place in income growth in rural areas.Despite being one of the largest producers of many agricultural commodities such as fruits, vegetables, milk and livestock, etc. in the world, the extent of value addition to raw food material in India is only 8%, while it is 23%, 45% and 188% in China, Philippines and UK, respectively. Furthermore, only 2.2% of total fruits and vegetables are processed in India as compared to 30% in Thailand, 80% in Malaysia and 70% in UK.It is pertinent to mention here that total annual loss during the post harvest operations under agriculture produce is approximately Rs. 88,000 crore. This trend can be reversed by properly financing secondary agriculture, which can lead to 2-3 times value addition to primary agriculture products. Most of the primary agriculture produce requires processing before being finally consumed and the value addition/processing of the farm production to transform it into consumable item which is called secondary agriculture. It includes processing and value addition in all food and non-food products for human, animal and industrial use.What according to the passage took place in a big way?

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Directions : Read the passage carefully and answer the questions given below it. Certain words/ phrases have been given in bold to help you locate them while answering some of the questions.Farmers have progressed the world over yet they are languishing in this country. Despite decades of industrial development, about 600 million Indians, or roughly half the population, depend on growing crops or rearing animals to earn a living. The country still relies on imports of essential items, such as pulses and cooking oil. Almost half of the average Indian household’s expenditure is on food, an important factor behind inflation. Food security at the micro level remains elusive. The global development experience, especially of the BRICS countries, reveals that one percentage point growth in agriculture is at least two to three times more effective in reducing poverty than the same degree of growth emanating from the non-agriculture sector.Of late, the woes of the farmer have exacerbated. Untimely rain damaged winter crops in northern India. The heat wave killed more than 2000 people - mostly working in the fields. Suicides by farmers, owing to the low price of their produce, are almost a recurrent tragedy. There is general concern over the monsoon; patchy or inadequate rainfall can spell disaster. Low productivity is a chronic problem because of the shrinking size of the cultivated plots. Two-grain harvests a year are fairly routine. But the yields are low by global standards. The policy message for reforming agriculture is very clear. The areas which merit urgent and concerted attention to streamlining agriculture revolve around investment, incentive, and institutions. We need to rationalise and prune input subsidies. The savings, thus generated, should be invested in agriculture - Research & Development at rural roads, rural education, irrigation and water works. Higher levels of investment in agriculture both by the public and private sector can yield much better results. Policy -makers must be bold to bite the bullet and drastically cut subsidies which will open the avenue for increasing the size of the public investment. One way to contain the subsidy bill is to provide subsidies directly to farmers. Private investment is the engine of agricultural growth. Again, it responds to incentives. Much of the adverse impact on incentives comes from strangulating the domestic market under the Essential Commodities Act (ECA) 1955. This law allows the state to restrict movement of agro-products across state boundaries. Furthermore, the law bans the storage of large quantities of any of the 90 commodities, including onions and wheat. The intention is to deter ‘hoarding’, but it has adversely affected investment in cold storages and warehouses. Therefore, a substantial quantity of crops rots before they reach the dining table.Q. Which of the following sectors is sluggish in our country compared to the others?a)Industrial sectorb)Agricultural sectorc)Private sectord)Technological sectore)Service sectorCorrect answer is option 'B'. Can you explain this answer?

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Directions : Read the passage carefully and answer the questions given below it. Certain words/ phrases have been given in bold to help you locate them while answering some of the questions.Farmers have progressed the world over yet they are languishing in this country. Despite decades of industrial development, about 600 million Indians, or roughly half the population, depend on growing crops or rearing animals to earn a living. The country still relies on imports of essential items, such as pulses and cooking oil. Almost half of the average Indian household’s expenditure is on food, an important factor behind inflation. Food security at the micro level remains elusive. The global development experience, especially of the BRICS countries, reveals that one percentage point growth in agriculture is at least two to three times more effective in reducing poverty than the same degree of growth emanating from the non-agriculture sector.Of late, the woes of the farmer have exacerbated. Untimely rain damaged winter crops in northern India. The heat wave killed more than 2000 people - mostly working in the fields. Suicides by farmers, owing to the low price of their produce, are almost a recurrent tragedy. There is general concern over the monsoon; patchy or inadequate rainfall can spell disaster. Low productivity is a chronic problem because of the shrinking size of the cultivated plots. Two-grain harvests a year are fairly routine. But the yields are low by global standards. The policy message for reforming agriculture is very clear. The areas which merit urgent and concerted attention to streamlining agriculture revolve around investment, incentive, and institutions. We need to rationalise and prune input subsidies. The savings, thus generated, should be invested in agriculture - Research & Development at rural roads, rural education, irrigation and water works. Higher levels of investment in agriculture both by the public and private sector can yield much better results. Policy -makers must be bold to bite the bullet and drastically cut subsidies which will open the avenue for increasing the size of the public investment. One way to contain the subsidy bill is to provide subsidies directly to farmers. Private investment is the engine of agricultural growth. Again, it responds to incentives. Much of the adverse impact on incentives comes from strangulating the domestic market under the Essential Commodities Act (ECA) 1955. This law allows the state to restrict movement of agro-products across state boundaries. Furthermore, the law bans the storage of large quantities of any of the 90 commodities, including onions and wheat. The intention is to deter ‘hoarding’, but it has adversely affected investment in cold storages and warehouses. Therefore, a substantial quantity of crops rots before they reach the dining table.Q. Which of the following sectors is sluggish in our country compared to the others?a)Industrial sectorb)Agricultural sectorc)Private sectord)Technological sectore)Service sectorCorrect answer is option 'B'. Can you explain this answer? for Bank Exams 2024 is part of Bank Exams preparation. The Question and answers have been prepared according to the Bank Exams exam syllabus. Information about Directions : Read the passage carefully and answer the questions given below it. Certain words/ phrases have been given in bold to help you locate them while answering some of the questions.Farmers have progressed the world over yet they are languishing in this country. Despite decades of industrial development, about 600 million Indians, or roughly half the population, depend on growing crops or rearing animals to earn a living. The country still relies on imports of essential items, such as pulses and cooking oil. Almost half of the average Indian household’s expenditure is on food, an important factor behind inflation. Food security at the micro level remains elusive. The global development experience, especially of the BRICS countries, reveals that one percentage point growth in agriculture is at least two to three times more effective in reducing poverty than the same degree of growth emanating from the non-agriculture sector.Of late, the woes of the farmer have exacerbated. Untimely rain damaged winter crops in northern India. The heat wave killed more than 2000 people - mostly working in the fields. Suicides by farmers, owing to the low price of their produce, are almost a recurrent tragedy. There is general concern over the monsoon; patchy or inadequate rainfall can spell disaster. Low productivity is a chronic problem because of the shrinking size of the cultivated plots. Two-grain harvests a year are fairly routine. But the yields are low by global standards. The policy message for reforming agriculture is very clear. The areas which merit urgent and concerted attention to streamlining agriculture revolve around investment, incentive, and institutions. We need to rationalise and prune input subsidies. The savings, thus generated, should be invested in agriculture - Research & Development at rural roads, rural education, irrigation and water works. Higher levels of investment in agriculture both by the public and private sector can yield much better results. Policy -makers must be bold to bite the bullet and drastically cut subsidies which will open the avenue for increasing the size of the public investment. One way to contain the subsidy bill is to provide subsidies directly to farmers. Private investment is the engine of agricultural growth. Again, it responds to incentives. Much of the adverse impact on incentives comes from strangulating the domestic market under the Essential Commodities Act (ECA) 1955. This law allows the state to restrict movement of agro-products across state boundaries. Furthermore, the law bans the storage of large quantities of any of the 90 commodities, including onions and wheat. The intention is to deter ‘hoarding’, but it has adversely affected investment in cold storages and warehouses. Therefore, a substantial quantity of crops rots before they reach the dining table.Q. Which of the following sectors is sluggish in our country compared to the others?a)Industrial sectorb)Agricultural sectorc)Private sectord)Technological sectore)Service sectorCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for Bank Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Directions : Read the passage carefully and answer the questions given below it. Certain words/ phrases have been given in bold to help you locate them while answering some of the questions.Farmers have progressed the world over yet they are languishing in this country. Despite decades of industrial development, about 600 million Indians, or roughly half the population, depend on growing crops or rearing animals to earn a living. The country still relies on imports of essential items, such as pulses and cooking oil. Almost half of the average Indian household’s expenditure is on food, an important factor behind inflation. Food security at the micro level remains elusive. The global development experience, especially of the BRICS countries, reveals that one percentage point growth in agriculture is at least two to three times more effective in reducing poverty than the same degree of growth emanating from the non-agriculture sector.Of late, the woes of the farmer have exacerbated. Untimely rain damaged winter crops in northern India. The heat wave killed more than 2000 people - mostly working in the fields. Suicides by farmers, owing to the low price of their produce, are almost a recurrent tragedy. There is general concern over the monsoon; patchy or inadequate rainfall can spell disaster. Low productivity is a chronic problem because of the shrinking size of the cultivated plots. Two-grain harvests a year are fairly routine. But the yields are low by global standards. The policy message for reforming agriculture is very clear. The areas which merit urgent and concerted attention to streamlining agriculture revolve around investment, incentive, and institutions. We need to rationalise and prune input subsidies. The savings, thus generated, should be invested in agriculture - Research & Development at rural roads, rural education, irrigation and water works. Higher levels of investment in agriculture both by the public and private sector can yield much better results. Policy -makers must be bold to bite the bullet and drastically cut subsidies which will open the avenue for increasing the size of the public investment. One way to contain the subsidy bill is to provide subsidies directly to farmers. Private investment is the engine of agricultural growth. Again, it responds to incentives. Much of the adverse impact on incentives comes from strangulating the domestic market under the Essential Commodities Act (ECA) 1955. This law allows the state to restrict movement of agro-products across state boundaries. Furthermore, the law bans the storage of large quantities of any of the 90 commodities, including onions and wheat. The intention is to deter ‘hoarding’, but it has adversely affected investment in cold storages and warehouses. Therefore, a substantial quantity of crops rots before they reach the dining table.Q. Which of the following sectors is sluggish in our country compared to the others?a)Industrial sectorb)Agricultural sectorc)Private sectord)Technological sectore)Service sectorCorrect answer is option 'B'. Can you explain this answer?.

Solutions for Directions : Read the passage carefully and answer the questions given below it. Certain words/ phrases have been given in bold to help you locate them while answering some of the questions.Farmers have progressed the world over yet they are languishing in this country. Despite decades of industrial development, about 600 million Indians, or roughly half the population, depend on growing crops or rearing animals to earn a living. The country still relies on imports of essential items, such as pulses and cooking oil. Almost half of the average Indian household’s expenditure is on food, an important factor behind inflation. Food security at the micro level remains elusive. The global development experience, especially of the BRICS countries, reveals that one percentage point growth in agriculture is at least two to three times more effective in reducing poverty than the same degree of growth emanating from the non-agriculture sector.Of late, the woes of the farmer have exacerbated. Untimely rain damaged winter crops in northern India. The heat wave killed more than 2000 people - mostly working in the fields. Suicides by farmers, owing to the low price of their produce, are almost a recurrent tragedy. There is general concern over the monsoon; patchy or inadequate rainfall can spell disaster. Low productivity is a chronic problem because of the shrinking size of the cultivated plots. Two-grain harvests a year are fairly routine. But the yields are low by global standards. The policy message for reforming agriculture is very clear. The areas which merit urgent and concerted attention to streamlining agriculture revolve around investment, incentive, and institutions. We need to rationalise and prune input subsidies. The savings, thus generated, should be invested in agriculture - Research & Development at rural roads, rural education, irrigation and water works. Higher levels of investment in agriculture both by the public and private sector can yield much better results. Policy -makers must be bold to bite the bullet and drastically cut subsidies which will open the avenue for increasing the size of the public investment. One way to contain the subsidy bill is to provide subsidies directly to farmers. Private investment is the engine of agricultural growth. Again, it responds to incentives. Much of the adverse impact on incentives comes from strangulating the domestic market under the Essential Commodities Act (ECA) 1955. This law allows the state to restrict movement of agro-products across state boundaries. Furthermore, the law bans the storage of large quantities of any of the 90 commodities, including onions and wheat. The intention is to deter ‘hoarding’, but it has adversely affected investment in cold storages and warehouses. Therefore, a substantial quantity of crops rots before they reach the dining table.Q. Which of the following sectors is sluggish in our country compared to the others?a)Industrial sectorb)Agricultural sectorc)Private sectord)Technological sectore)Service sectorCorrect answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Bank Exams. Download more important topics, notes, lectures and mock test series for Bank Exams Exam by signing up for free.

Here you can find the meaning of Directions : Read the passage carefully and answer the questions given below it. Certain words/ phrases have been given in bold to help you locate them while answering some of the questions.Farmers have progressed the world over yet they are languishing in this country. Despite decades of industrial development, about 600 million Indians, or roughly half the population, depend on growing crops or rearing animals to earn a living. The country still relies on imports of essential items, such as pulses and cooking oil. Almost half of the average Indian household’s expenditure is on food, an important factor behind inflation. Food security at the micro level remains elusive. The global development experience, especially of the BRICS countries, reveals that one percentage point growth in agriculture is at least two to three times more effective in reducing poverty than the same degree of growth emanating from the non-agriculture sector.Of late, the woes of the farmer have exacerbated. Untimely rain damaged winter crops in northern India. The heat wave killed more than 2000 people - mostly working in the fields. Suicides by farmers, owing to the low price of their produce, are almost a recurrent tragedy. There is general concern over the monsoon; patchy or inadequate rainfall can spell disaster. Low productivity is a chronic problem because of the shrinking size of the cultivated plots. Two-grain harvests a year are fairly routine. But the yields are low by global standards. The policy message for reforming agriculture is very clear. The areas which merit urgent and concerted attention to streamlining agriculture revolve around investment, incentive, and institutions. We need to rationalise and prune input subsidies. The savings, thus generated, should be invested in agriculture - Research & Development at rural roads, rural education, irrigation and water works. Higher levels of investment in agriculture both by the public and private sector can yield much better results. Policy -makers must be bold to bite the bullet and drastically cut subsidies which will open the avenue for increasing the size of the public investment. One way to contain the subsidy bill is to provide subsidies directly to farmers. Private investment is the engine of agricultural growth. Again, it responds to incentives. Much of the adverse impact on incentives comes from strangulating the domestic market under the Essential Commodities Act (ECA) 1955. This law allows the state to restrict movement of agro-products across state boundaries. Furthermore, the law bans the storage of large quantities of any of the 90 commodities, including onions and wheat. The intention is to deter ‘hoarding’, but it has adversely affected investment in cold storages and warehouses. Therefore, a substantial quantity of crops rots before they reach the dining table.Q. Which of the following sectors is sluggish in our country compared to the others?a)Industrial sectorb)Agricultural sectorc)Private sectord)Technological sectore)Service sectorCorrect answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Directions : Read the passage carefully and answer the questions given below it. Certain words/ phrases have been given in bold to help you locate them while answering some of the questions.Farmers have progressed the world over yet they are languishing in this country. Despite decades of industrial development, about 600 million Indians, or roughly half the population, depend on growing crops or rearing animals to earn a living. The country still relies on imports of essential items, such as pulses and cooking oil. Almost half of the average Indian household’s expenditure is on food, an important factor behind inflation. Food security at the micro level remains elusive. The global development experience, especially of the BRICS countries, reveals that one percentage point growth in agriculture is at least two to three times more effective in reducing poverty than the same degree of growth emanating from the non-agriculture sector.Of late, the woes of the farmer have exacerbated. Untimely rain damaged winter crops in northern India. The heat wave killed more than 2000 people - mostly working in the fields. Suicides by farmers, owing to the low price of their produce, are almost a recurrent tragedy. There is general concern over the monsoon; patchy or inadequate rainfall can spell disaster. Low productivity is a chronic problem because of the shrinking size of the cultivated plots. Two-grain harvests a year are fairly routine. But the yields are low by global standards. The policy message for reforming agriculture is very clear. The areas which merit urgent and concerted attention to streamlining agriculture revolve around investment, incentive, and institutions. We need to rationalise and prune input subsidies. The savings, thus generated, should be invested in agriculture - Research & Development at rural roads, rural education, irrigation and water works. Higher levels of investment in agriculture both by the public and private sector can yield much better results. Policy -makers must be bold to bite the bullet and drastically cut subsidies which will open the avenue for increasing the size of the public investment. One way to contain the subsidy bill is to provide subsidies directly to farmers. Private investment is the engine of agricultural growth. Again, it responds to incentives. Much of the adverse impact on incentives comes from strangulating the domestic market under the Essential Commodities Act (ECA) 1955. This law allows the state to restrict movement of agro-products across state boundaries. Furthermore, the law bans the storage of large quantities of any of the 90 commodities, including onions and wheat. The intention is to deter ‘hoarding’, but it has adversely affected investment in cold storages and warehouses. Therefore, a substantial quantity of crops rots before they reach the dining table.Q. Which of the following sectors is sluggish in our country compared to the others?a)Industrial sectorb)Agricultural sectorc)Private sectord)Technological sectore)Service sectorCorrect answer is option 'B'. Can you explain this answer?, a detailed solution for Directions : Read the passage carefully and answer the questions given below it. Certain words/ phrases have been given in bold to help you locate them while answering some of the questions.Farmers have progressed the world over yet they are languishing in this country. Despite decades of industrial development, about 600 million Indians, or roughly half the population, depend on growing crops or rearing animals to earn a living. The country still relies on imports of essential items, such as pulses and cooking oil. Almost half of the average Indian household’s expenditure is on food, an important factor behind inflation. Food security at the micro level remains elusive. The global development experience, especially of the BRICS countries, reveals that one percentage point growth in agriculture is at least two to three times more effective in reducing poverty than the same degree of growth emanating from the non-agriculture sector.Of late, the woes of the farmer have exacerbated. Untimely rain damaged winter crops in northern India. The heat wave killed more than 2000 people - mostly working in the fields. Suicides by farmers, owing to the low price of their produce, are almost a recurrent tragedy. There is general concern over the monsoon; patchy or inadequate rainfall can spell disaster. Low productivity is a chronic problem because of the shrinking size of the cultivated plots. Two-grain harvests a year are fairly routine. But the yields are low by global standards. The policy message for reforming agriculture is very clear. The areas which merit urgent and concerted attention to streamlining agriculture revolve around investment, incentive, and institutions. We need to rationalise and prune input subsidies. The savings, thus generated, should be invested in agriculture - Research & Development at rural roads, rural education, irrigation and water works. Higher levels of investment in agriculture both by the public and private sector can yield much better results. Policy -makers must be bold to bite the bullet and drastically cut subsidies which will open the avenue for increasing the size of the public investment. One way to contain the subsidy bill is to provide subsidies directly to farmers. Private investment is the engine of agricultural growth. Again, it responds to incentives. Much of the adverse impact on incentives comes from strangulating the domestic market under the Essential Commodities Act (ECA) 1955. This law allows the state to restrict movement of agro-products across state boundaries. Furthermore, the law bans the storage of large quantities of any of the 90 commodities, including onions and wheat. The intention is to deter ‘hoarding’, but it has adversely affected investment in cold storages and warehouses. Therefore, a substantial quantity of crops rots before they reach the dining table.Q. Which of the following sectors is sluggish in our country compared to the others?a)Industrial sectorb)Agricultural sectorc)Private sectord)Technological sectore)Service sectorCorrect answer is option 'B'. Can you explain this answer? has been provided alongside types of Directions : Read the passage carefully and answer the questions given below it. Certain words/ phrases have been given in bold to help you locate them while answering some of the questions.Farmers have progressed the world over yet they are languishing in this country. Despite decades of industrial development, about 600 million Indians, or roughly half the population, depend on growing crops or rearing animals to earn a living. The country still relies on imports of essential items, such as pulses and cooking oil. Almost half of the average Indian household’s expenditure is on food, an important factor behind inflation. Food security at the micro level remains elusive. The global development experience, especially of the BRICS countries, reveals that one percentage point growth in agriculture is at least two to three times more effective in reducing poverty than the same degree of growth emanating from the non-agriculture sector.Of late, the woes of the farmer have exacerbated. Untimely rain damaged winter crops in northern India. The heat wave killed more than 2000 people - mostly working in the fields. Suicides by farmers, owing to the low price of their produce, are almost a recurrent tragedy. There is general concern over the monsoon; patchy or inadequate rainfall can spell disaster. Low productivity is a chronic problem because of the shrinking size of the cultivated plots. Two-grain harvests a year are fairly routine. But the yields are low by global standards. The policy message for reforming agriculture is very clear. The areas which merit urgent and concerted attention to streamlining agriculture revolve around investment, incentive, and institutions. We need to rationalise and prune input subsidies. The savings, thus generated, should be invested in agriculture - Research & Development at rural roads, rural education, irrigation and water works. Higher levels of investment in agriculture both by the public and private sector can yield much better results. Policy -makers must be bold to bite the bullet and drastically cut subsidies which will open the avenue for increasing the size of the public investment. One way to contain the subsidy bill is to provide subsidies directly to farmers. Private investment is the engine of agricultural growth. Again, it responds to incentives. Much of the adverse impact on incentives comes from strangulating the domestic market under the Essential Commodities Act (ECA) 1955. This law allows the state to restrict movement of agro-products across state boundaries. Furthermore, the law bans the storage of large quantities of any of the 90 commodities, including onions and wheat. The intention is to deter ‘hoarding’, but it has adversely affected investment in cold storages and warehouses. Therefore, a substantial quantity of crops rots before they reach the dining table.Q. Which of the following sectors is sluggish in our country compared to the others?a)Industrial sectorb)Agricultural sectorc)Private sectord)Technological sectore)Service sectorCorrect answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Directions : Read the passage carefully and answer the questions given below it. Certain words/ phrases have been given in bold to help you locate them while answering some of the questions.Farmers have progressed the world over yet they are languishing in this country. Despite decades of industrial development, about 600 million Indians, or roughly half the population, depend on growing crops or rearing animals to earn a living. The country still relies on imports of essential items, such as pulses and cooking oil. Almost half of the average Indian household’s expenditure is on food, an important factor behind inflation. Food security at the micro level remains elusive. The global development experience, especially of the BRICS countries, reveals that one percentage point growth in agriculture is at least two to three times more effective in reducing poverty than the same degree of growth emanating from the non-agriculture sector.Of late, the woes of the farmer have exacerbated. Untimely rain damaged winter crops in northern India. The heat wave killed more than 2000 people - mostly working in the fields. Suicides by farmers, owing to the low price of their produce, are almost a recurrent tragedy. There is general concern over the monsoon; patchy or inadequate rainfall can spell disaster. Low productivity is a chronic problem because of the shrinking size of the cultivated plots. Two-grain harvests a year are fairly routine. But the yields are low by global standards. The policy message for reforming agriculture is very clear. The areas which merit urgent and concerted attention to streamlining agriculture revolve around investment, incentive, and institutions. We need to rationalise and prune input subsidies. The savings, thus generated, should be invested in agriculture - Research & Development at rural roads, rural education, irrigation and water works. Higher levels of investment in agriculture both by the public and private sector can yield much better results. Policy -makers must be bold to bite the bullet and drastically cut subsidies which will open the avenue for increasing the size of the public investment. One way to contain the subsidy bill is to provide subsidies directly to farmers. Private investment is the engine of agricultural growth. Again, it responds to incentives. Much of the adverse impact on incentives comes from strangulating the domestic market under the Essential Commodities Act (ECA) 1955. This law allows the state to restrict movement of agro-products across state boundaries. Furthermore, the law bans the storage of large quantities of any of the 90 commodities, including onions and wheat. The intention is to deter ‘hoarding’, but it has adversely affected investment in cold storages and warehouses. Therefore, a substantial quantity of crops rots before they reach the dining table.Q. Which of the following sectors is sluggish in our country compared to the others?a)Industrial sectorb)Agricultural sectorc)Private sectord)Technological sectore)Service sectorCorrect answer is option 'B'. Can you explain this answer? tests, examples and also practice Bank Exams tests.

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