Topic Details (Notes format)

Doubling Farmers’ Income

Subject: Economics

Book: Comprehensive Indian Economy - Additional Topics

Focuses on the government’s ambition to double average farmers’ incomes through measures like better crop productivity, expanded irrigation, minimized post-harvest losses, market reforms, and value addition. Exam notes emphasize how diversifying into high-value crops, allied sectors (dairy, fisheries), and efficient supply chains can enhance profitability, while also analyzing constraints like small landholdings and volatile market prices.

Practice Questions

What is “fiscal stimulus”?

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Which term refers to an economy that has elements of both capitalism and socialism?

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Which of the following statements best defines Gross Domestic Product (GDP)?

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What is the Phillips Curve?

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What is the primary goal of a progressive tax system?

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What is meant by the term “current account deficit”?

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What is a “repo rate”?

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What is the main function of the Reserve Bank of India (RBI)?

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What does the term “capital account” refer to in the balance of payments?

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What is the term for the price at which demand and supply in a market are equal?

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