Practicing Success

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 state regulated the market to create orderly and transparent marketing conditions. The farmers and consumers, both were benefited due to this, as they got fair prices for the product. Also, the market committee ensured that the farmers get reasonable price for their produce irrespective of any situation.