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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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Important Questions from Economy

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