Topic Details (Notes format)

Agricultural Reforms and Future Roadmap

Subject: Economics

Book: Comprehensive Indian Economy

Recent policy debates highlight contract farming, dismantling outdated APMC structures, and encouraging private investment in agri-supply chains. Technology-driven solutions—like precision farming, drone-based soil analysis—offer productivity boosts. However, smallholders need credit support, irrigation coverage, and risk management through crop insurance. Exam angles include analyzing farm protest contexts, global best practices, and how to incorporate sustainable methods (organic, zero-budget natural farming). A forward-looking approach envisions farmer producer organizations (FPOs), better extension services, and robust e-market platforms that reduce middlemen. Understanding these reforms is pivotal for ensuring food security and doubling farmer incomes.

Practice Questions

Which of the following is considered a public good?

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Which of the following factors is NOT included in the calculation of Human Development Index (HDI)?

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What is the main feature of a free-market economy?

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Which economic concept is described as “the next best alternative foregone”?

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What is “open market operations” (OMO)?

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What is the meaning of “supply-side economics”?

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Which of the following is a feature of monopolistic competition?

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What does the term "depreciation" refer to in the context of assets?

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Which of the following is an example of a public sector undertaking (PSU) in India?

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Which of the following is an example of fiscal policy?

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