To make improved agricultural technology available to small and marginal farmers, the government has introduced the system of _________.

price control

No worries! We‘ve got your back. Try BYJU‘S free classes today!

crop insurance

No worries! We‘ve got your back. Try BYJU‘S free classes today!

support price

No worries! We‘ve got your back. Try BYJU‘S free classes today!

subsidy

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is B subsidy

A subsidy is a benefit given by the government to groups or individuals, usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public.

Suggest Corrections

Similar questions

A government report on farmers’ problems says that small and marginal farmers cannot get good prices from the market. It recommends that the government should intervene to ensure a better price but only for small and marginal farmers. Is this recommendation consistent with the principle of equality?

Q. Which of the following schemes of the Govt of India is planned to help farmers by providing a competitive price to their produce?
(A) Minimum support price of agro products
(B) Creating buffer stock of food grains
(C) Making loans available to them on special and subsidized rates of interest

Q. In a particular year, the price of wheat in a market is

R s . 15

per kg and a farmer produces

100 k g s

of wheat. In the next year the price of wheat has fallen to

R s . 10

per kg and the farmer produces

120 k g s

. If the government wishes to stabilize the income of the farmer, then what will be the minimum support price?

Q. In a situation when productivity increases owing to improvement in technology, equilibrium price tends fall.

Q. Identify the term used for an agricultural product price set by the Government of India to purchase directly from the farmers.

Join BYJU'S Learning Program

To make improved agricultural technology available to small and marginal farmers, the government has introduced the system of _________.

The correct option is B subsidy A subsidy is a benefit given by the government to groups or individuals, usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public.

The correct option is B subsidy

A subsidy is a benefit given by the government to groups or individuals, usually in the form of a cash payment or a tax reduction. The subsidy is typically given to remove some type of burden, and it is often considered to be in the overall interest of the public.