📈 EconomyFundamentals of Economy

There is a demand-supply gap regarding quality seeds in case of low value and high volume crops.Select the correct answer using the code given below:

a1 and 2
b3 only
c2 and 3
dNone Indian Economy 251
✓ Correct answer: b) 3 only
ExplanationStatement 1 is incorrect : India has a National Seed Policy, which was formulated in 2002. The policy aims to provide farmers with access to high-quality seeds, promote private sector participation, and ensure seed availability for food security.The policy provides a framework for seed develop- ment, production, quality control, distribution, and market- ing.The policy also encourages research and development in seed technology and promotes the participation of both the pub- lic and private sectors in the seed industry.Statement 2 is incorrect : The private sector plays a signifi- cant role in the supply of quality seeds especially for high-val- ue crops like vegetables and horticultural crops.Companies like Mahyco, Syngenta, and Namdhari Seeds are actively involved in the production and distribution of quality seeds.Statement 3 is correct : A significant demand-supply gap persists for quality seeds particularly in low-value, high-vol- ume crops like cereals and pulses despite efforts from both pub- lic and private sectors.This gap is attributed to factors such as the high cost

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