Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

In "Rural Development", the concept of "Diversification " becomes very important. According to you, which of the following depicts aspects of diversification? 

Options:

Taking loan from formal lending system

Saving and investing in various industries

Shift of workforce from agriculture to other allied activities

All of the above

Correct Answer:

Shift of workforce from agriculture to other allied activities

Explanation:

The need for diversification arises from the fact that there is greater risk in depending exclusively on farming for livelihood. It includes two aspects - one relates to change in cropping pattern and the other relates to a shift of workforce from agriculture to other allied activities (livestock, poultry, fisheries etc.) and non-agriculture sector.