Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Indian Economy:1950-1990

Question:

Marketed Surplus refers to :

Options:

Additional portion of produce which is kept in the home by the farmers.

Additional portion of the produce which is donated to the relatives by the farmers.

Additional portion of the produce which is used as manure by the farmers.

Additional portion of the produce which is sold in the market by the farmers.

Correct Answer:

Additional portion of the produce which is sold in the market by the farmers.

Explanation:

The correct answer is option (4) : Additional portion of the produce which is sold in the market by the farmers.

The portion of agricultural produce which is sold in the market by the farmers is called marketed surplus. A good proportion of the rice and wheat produced during the green revolution period (available as marketed surplus) was sold by the farmers in the market. As a result, the price of food grains declined relative to other items of consumption.