Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Rural Development

Question:

Why did the state regulate the Indian agricultural market system?

Options:

To create a transparent market system

Protect the farmers from exploitation of brokers

To get fair prices to both farmers and consumers

All of the above

Correct Answer:

All of the above

Explanation:

The correct answer is option 4: All of the above

All of the above are reasons why the state regulated the Indian agricultural market system.

  • To create a transparent market system: Regulation helps to ensure fair practices and prevent unfair manipulation of prices by intermediaries.
  • Protect the farmers from exploitation of brokers: Regulated markets provide a platform where farmers can sell their produce directly or through authorized agents, reducing their vulnerability to exploitation by middlemen.  
  • To get fair prices to both farmers and consumers: Regulation can help to ensure that farmers receive fair prices for their produce and that consumers pay reasonable prices for agricultural products.