📈 EconomyUPSC 2020Fundamentals of Economy

In India, which of the following can be considered as public investment in agriculture?1. Fixing Minimum Support Price for agricultural produce of all crops.2. Computerization of Primary Agricultural Credit Societies3. Social Capital development4. Free electricity supply to farmers5. Waiver of agricultural loans by the banking system6. Setting up cold storage facilities by the governments.Select the correct answer using the code given below.

a1, 2 and 5 only
b1, 3, 4 and 5 only
c2, 3 and 6 only
d1, 2, 3, 4, 5 and 6
✓ Correct answer: c) 2, 3 and 6 only
ExplanationPublic Investment is the investment by the State (Cen- tral, state and local governments or through publicly owned com- panies) to build the nation’s capital stock by devoting resources to the basic physical infrastructure (such as roads, bridges, rail lines, airports, and water distribution), research and develop- ment, etc. that leads to increased output and/or living standards.The following can be considered as Public Investment in Agri- culture : Option 2 is correct : Computerization of Primary Agricultur- al Credit Societies will enhance productivity in the agricultur- al sector, as there will be easy and timely access of credit.This improves efficiency, transparency, and accessibility of credit for farmers, contributing to agricultural development.Option 3 is correct : Investing in the development of social capital for farmers fosters a network of support and knowl- edge-sharing, which can significantly enhance the adoption of new agricultural technologies and practices.Option 6 is correct : Setting up cold storage facilities by the governments will enhance productivity in

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