GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Subsidies are
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rights to increase trade with Great Britain and her colonies
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extra payments or bonuses to grow or produce certain crops.
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permission to trade directly with other countries.
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land payments which made it easier to remain in the colony.
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Explanation:
Detailed explanation-1: -A subsidy is a kind of incentive that the government gives to farmers with a view to: Help supplement their income. Give them options for purchase of various agriculture inputs. Encourage them to adopt new plans and policies.
Detailed explanation-2: -this seems, for instance, to be the case in the oxford online dictionary2 where a subsidy is defined as: “a sum of money granted from public funds to help an industry or business keep the price of a commodity or service low”. 3 But many would argue that tax concessions are also a form of subsidization.
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