Relative Price Decline Impact
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Question (English)
The decline in food grain prices during the Green Revolution particularly benefited:
- Rich industrialists
- Low-income groups who spend a large percentage of income on food ✓ Correct
- Foreign traders
- Big farmers
Explanation:
Correct Answer Explanation
Low-income groups benefited because they spend a large percentage of income on food.
Key Points:
- Marketed surplus of rice and wheat led to price decline relative to other items.
- Government could procure sufficient food grains to build buffer stocks.
📚 About this Topic — CH-2: INDIAN ECONOMY 1950–1990
This multiple choice question is from CH-2: INDIAN ECONOMY 1950–1990, Indian Economic Development, NCERT Books. It has 4 options with a detailed explanation of the correct answer. Practice more MCQs from CH-2: INDIAN ECONOMY 1950–1990 to strengthen your preparation.
