Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Rural Development

Question:

How did cooperative marketing help in realising fair prices for farmer's products?

Options:

Collective bargaining

MSP fixed by Government

Monitoring by Marketing Committees

All of the above

Correct Answer:

Collective bargaining

Explanation:

Under ooperative marketing system, the farmers came together and form marketing societies to bargain collectively to sell their produce at an adequate price. Example: Gujrat's success of milk cooperatives, who pooled their milk together and sold them at a fair price and enjoyed profits.