Exams › SSC CGL (Prelims) › GK

What is the economic justification for subsidies in the agriculture sector?

1. It is mostly used to provide benefits for rich farmers.
2. It is a part of government expenditure in the service sector.
3. It is an incentive to provide the benefits of advanced technology and decrease the cost of production.
4. It is used to provide benefits for capital goods producers in agriculture.

Correct answer: It is an incentive to provide the benefits of advanced technology and decrease the cost of production.

Solution

Agricultural subsidies are given to encourage farmers to use improved technology, inputs, and methods. This helps reduce production costs and supports agricultural growth.

Related SSC CGL (Prelims) GK questions

• Which of the following best describes the difference between SHGs and MFIs?
• What is the definition of microfinance?
• Which type of unemployment is found in India when people are employed for a certain period of the year in tourist resorts and various tourism-related activities in the mountain regions, but are unemployed in the off-season?
• Gangubai Hangal belonged to the ________.
• The first Indian woman to hold the Under-20 World Wrestling Championship is _________.
• Which part of the Indian Constitution deals with the election of the Vice President?

⚔️ Practice SSC CGL (Prelims) GK free + battle 1v1 →