Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Rural Development

Question:

Indian farmers are confined to subsistence farming only. Which of the following can explain the reason behind the same?

  • They sell their produce to pay for old debts
  • They have the details of the prevailing market rate of crops
  • They come together to collectively bargain
  • Inadequate storage facilities keep back their produce from selling later at a better price
Options:

2 and 3

1,3 and 4

1 and 4

1, 2, 3 and 4

Correct Answer:

1 and 4

Explanation:

Indian farmers are confined to subsistence farming due to the following reasons:

  • They sold a proportion of their income to pay off the debts taken for commercial or personal reason
  • They lack in proper storage facilities due to which they are not entitled to better prices of the crops 
  • They lack in knowledge of the prevailing market prices and have weak bargaining power