Private Trade in Agricultural Markets
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Question (English)
Despite government intervention, agricultural markets in India are predominantly controlled by:
- Government agencies
- Cooperative societies
- Private trade ✓ Correct
- Foreign companies
Explanation:
Correct Answer Explanation
Despite government intervention, private trade (by moneylenders, rural political elites, big merchants and rich farmers) predominates agricultural markets.
Key Points:
- Private traders include moneylenders, rural political elites, big merchants and rich farmers.
- Government intervention is imminent when a large share of agricultural products is handled by private sector.
- Four government measures have been taken to improve agricultural marketing.
Why Other Options Are Wrong
- A, B, D: Private trade still predominates despite government efforts.
📚 About this Topic — CH-5: RURAL DEVELOPMENT
This multiple choice question is from CH-5: RURAL DEVELOPMENT, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-5: RURAL DEVELOPMENT to strengthen your preparation.
