In the 1990s, growth of Indian agriculture slowed after the adoption of the new economic policy due to…
Slow improvement in crop yields, inadequate public investment and stagnation in agricultural technology constrain agricultural growth. Retail prices paid by consumers are…
Choose your answer
In the 1990s, growth of Indian agriculture slowed after the adoption of the new economic policy due to
I. low increase in crop yield
II. low or no public investment
III. stagnant green revolution technology
IV. low retail market prices of agricultural produce
Answer and explanation
Correct answer C
Slow improvement in crop yields, inadequate public investment and stagnation in agricultural technology constrain agricultural growth. Retail prices paid by consumers are distinct from the prices received by farmers, so low retail prices are not the structural explanation represented by I, II and III.
Practice for these exams
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Tamil Nadu SET (TNSET)