Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Indian Economic Development: Rural Development

Question:

What were the various initiatives taken by the state in order to improve the agricultural market system of the country?

Options:

Regulation of market

Various policy instruments like MSP, PDS, buffer stock

Improvement of physical infrastructure

All of the above
Correct Answer:
All of the above
Explanation:

Various measures that were initiated to improve the marketing aspect of agricultural produce included:

  1. Regulation of markets to create orderly and transparent marketing conditions.
  2. Provision of physical infrastructure facilities like roads, railways, warehouses, godowns, cold storages and processing units.
  3. Cooperative marketing for realising fair prices for farmers’ products.
  4. Various policies like (i) assurance of minimum support prices (MSP) for agricultural products (ii) maintenance of buffer stocks of wheat and rice by Food Corporation of India and (iii) distribution of food grains and sugar through PDS