Target Exam

CUET

Subject

General Aptitude Test

Chapter

General Knowledge

Topic

Economics

Question:

Which of the following statements correctly defines 'marketed surplus'?

Options:

The portion of agriculture produce which is sold in the market by the farmers

The value of all the agricultural goods sold in the market in one financial year

The portions of agriculture produce which is exported

The monetary assistance given to the farmers by the government for production activities

Correct Answer:

The portion of agriculture produce which is sold in the market by the farmers

Explanation:

The correct answer is Option (1) → The portion of agriculture produce which is sold in the market by the farmers **

The correct definition of ‘marketed surplus’ is: The portion of agricultural produce which is sold in the market by the farmers

Marketed surplus refers specifically to the quantity of produce that farmers actually sell in the market, which may be less than or equal to the total production after retaining some for self-consumption, seeds, or other uses.