SSC
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: -Government subsidizes agricultural inputs in an attempt to keep farm costs low and pr oduc tion high. There are various subsidies available to farmers in terms of cheap input credit, seeds and fertilizers, subsidized electricity and irrigation etc.
Detailed explanation-2: -Definition: Subsidy is a transfer of money from the government to an entity. It leads to a fall in the price of the subsidised product. Description: The objective of subsidy is to bolster the welfare of the society. It is a part of non-plan expenditure of the government.
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