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Question

What is the economic justification for subsidies in the agriculture sector? 
 

This question was previously asked in
SSC CGL 2024 (Tier-I) Previous Year Paper (17-Sep-2024) (Shift 3)
The correct answer is

It is an incentive to provide the benefits of advanced technology and decrease the cost of production. 

The economic justification for agricultural subsidies often centers around food security, rural development, and supporting the livelihoods of farmers, particularly smallholders, by ensuring access to essential inputs and promoting agricultural productivity

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Similar Questions

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  2. Which of the following is an example of capital receipts?

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Important Questions from Economy

  1. When was the Rashtriya Swasthya Bima Yojana introduced to provide health insurance to people below the poverty line?

  2. Which of the following is an example of capital receipts?

  3. During the period of 1947 to 1990, how many five-year plans were completed? 

  4. According to the Tea Board of India's report (2021-22), which group of states in India is the largest tea producer?

  5. The term ‘Microfinancing’ was first used in the 1970s during the development of Grameen Bank of Bangladesh, which was founded by ______.

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