Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Liberalisation, Privatisation and Globalisation - An Appraisal

Question:

Which of the following statement (s) is/are correct?

Statement 1: Reforms post 1991 in India have benefitted agriculture to some extent only.

Statement 2: Since 1991, public investment in agriculture sector especially in infrastructure, which includes irrigation, power, roads, market linkages and research and extension has recorded a minor increase only.

Options:

Only Statement 1 is correct.

Only Statement 2 is correct.

Both statements are correct.

None of the given statement is correct.

Correct Answer:

None of the given statement is correct.

Explanation:

Reforms in Agriculture: Reforms post 1991 in India have not been able to benefit agriculture, where the growth rate has been decelerating. Since 1991, public investment in agriculture sector especially in infrastructure, which includes irrigation, power, roads, market linkages and research and extension (which played a crucial role in the Green Revolution), has fallen.