Topics:
CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books
Agriculture Sector and International Competition
Indian farmers after reforms face increased international competition due to:
- Higher minimum support prices
- Reduction in import duties on agricultural products and lifting of quantitative restrictions — Correct Answer
- Government increasing subsidies
- Ban on agricultural exports
Explanation:
Correct Answer Explanation
Farmers face increased competition due to reduction in import duties on agricultural products, low minimum support price, and lifting of quantitative restrictions on agricultural imports.
Key Points:
- Small and marginal farmers severely affected.
- Partial removal of fertiliser subsidy increased production costs.
📚 About this Topic — CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL
This multiple choice question is from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-3: LIBERALISATION, PRIVATISATION AND GLOBALISATION: AN APPRAISAL to strengthen your preparation.
