Question

In the context of Indian Economy, there may be a need for importing foodgrains in case of:

• A. Balancing exports and imports of foodgrains.
• B. Severe shortages of foodgrains due to drought, floods, etc.
• C. Increase in the consumption of foodgrains
• D. None of the above

Answer 1

The correct option is B Severe shortages of foodgrains due to drought, floods, etc.

In the context of Indian Economy, there may be a need for importing food grains in case of severe shortages of food grains due to drought, floods, etc.

To cope up with the shortage of food, Government of India imports food grains from abroad to sustain the food crisis in the domestic economy.