GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Trade deficit
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Marketed surplus
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Subsidy
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Import substitution
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Detailed explanation-1: -Marketed surplus is that quantity of the produce which the producer-farmer actually sells in the market, irrespective of his requirements for family consumption, farm needs and other payments. The marketed surplus may be more, less or equal to the marketable surplus.
Detailed explanation-2: -The part of farm produce which is sold in the market is called marketable surplus.
Detailed explanation-3: -Noun. agricultural surplus (countable and uncountable, plural agricultural surpluses) An agricultural production that exceeds the needs of the society for which it is being produced, and may be exported or stored for future times.
Detailed explanation-4: -Definition: Producer surplus is defined as the difference between the amount the producer is willing to supply goods for and the actual amount received by him when he makes the trade. Producer surplus is a measure of producer welfare.