Question

Read the following statements about 'agribusiness' carefully and choose the correct option:

1. It is a commercial farming on an industrial scale.
2. Its raw materials are received from forests.
3. It is highly structured, mechanised and large in size.
4. Its example is tea plantation.

Options

• Only I, III and IV are correct.

• Only I, II and IV are correct.

• Only I, II and III are correct.

• Only II, III and IV are correct.

Answer 1

Only I, III and IV are correct.

Explanation:

Agri-business is commercial, industrial-scale farming; it is mechanised, highly structured and large; tea plantations are cited as an example. Forest-based raw materials belong to forest industries, not agribusiness. Agro‑factories often rely on chemicals and corporate finance.