SSC MTS EXAM

SSC

INDIAN ECONOMY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which sector faced a major downfall during the reforms?
A
industrial
B
agriculture
C
service
D
None of the above
Explanation: 

Detailed explanation-1: -Erosion of soil by heavy rain, floods, insufficient vegetation cover etc., reduces farm productivity. Inadequate irrigation facilities and poor management of water resources have led to a great decline in agricultural productivity.

Detailed explanation-2: -Increase in agricultural products both import and export. Improvements in agricultural technology and rural infrastructure are two areas where progress is being made. Agricultural methods are becoming more prevalent. Agriculture and food security prices are maintained.

Detailed explanation-3: -Another policy, the MSP, introduced in the 1960s to prevent economic exploitation of farmers, has to be reformed. The intervention by government as an intermediary customer ensured the balance of prices of agricultural crops, and the MSP ensured that farmers got enough profit out of their crop.

There is 1 question to complete.