Question

Which of the following has not been a component of the agricultural strategy that brought about the Green Revolution?

• A. Guaranteed maximum prices
• B. New agricultural technology
• C. Greater intensity of cropping
• D. Package of inputs

Answer 1

The correct option is A Guaranteed maximum prices

The dramatic transformation in agriculture practices that involves the use of new methods of cultivation and inputs refers to as Green Revolution in India. The green revolution consists of technological improvements which were mainly adopted to increase agriculture productivity.

A guaranteed maximum price (also known as GMP, not-to-exceed price, NTE, or NTX) contract is a cost-type contract (also known as an open-book contract) where the contractor is compensated for actual costs incurred plus a fixed fee subject to a ceiling price.