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प्रश्न
“The debate over farm subsidies in India is enraged at different platforms.”
Discuss any two arguments in favour of continuing farm subsidies.
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उत्तर
Arguments in favour of continuing farm subsidies:
- Reduces the gap between rich and marginal farmers: Agriculture is a risky business, and many farmers are impoverished. They do not have adequate funds to purchase the necessary inputs. Subsidies for marginal farmers are thus required to close the gap between rich and poor farmers.
- Reduction of Cost: Subsidies for seeds, fertilizers, and electricity lower the cost of production. Reduced costs assist not just farmers but also the final customer by lowering the prices of agricultural products, which are necessary commodities for people.
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संबंधित प्रश्न
Explain the statement that green revolution enabled the government to procure sufficient food grains to build its stocks that could be used during times of shortage.
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| A | The rapid growth in the production of the horticultural crops such as fruits, vegetables, tuber crops, flowers, etc. is known as | 1 | Horticulture |
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| C | t is emerging as an important source of livelihood in the rural areas | 3 | Green revolution |
Read the following hypothetical case study carefully and answer the questions follow on the basis of the same.
Agricultural Developmental Bank of Pakistan uses the production function approach for measuring bank outputs and costs. A translog cost function is estimated to provide an assessment of the bank's scale and scope efficiency, and to quantify the extent to which its production costs are sensitive to the size and output mix. Results show that the bank enjoys both overall and product-specific economies of scale and, therefore, there exists scope for the bank to expand its operations at a declining average cost. Even though bank branches in all size categories enjoy economies of scale, the extent of such economies is larger for branches operating at a smaller scale of production. This implies that as the bank branches grow larger in size in terms of both loan and deposit accounts, they move closer to attaining increasing returns to a factor. It is also shown that the marginal costs of servicing both loan and deposit accounts decline as bank branches grow larger in size in terms of either the number of loans or the number of deposits. This confirms that branches operating at a larger scale of production have attained greater cost-efficiency in terms of servicing the loan and deposit accounts.
Agricultural Development Bank of Pakistan uses the ______ function approach.
Discuss any two merits and demerits of the Green Revolution in the agricultural sector in the Indian economy.
