In 1990–91, the price index of agricultural commodities was 200 and that of manufactured products 150. In a year’s time both the indices increased by 15 (i.e., the price index of agricultural commodities became 215 and that of manufactured products 165). Consequently, the terms of trade between agriculture and industry
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Agriculture and the rural economy has come up 72 times in 6 exams since 2010.
This question is on MSP, procurement and food policy, part of Agriculture and the rural economy in Indian Economy.
How the state fixes prices, holds stocks and distributes food.
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Question from the JNU SSS 2013 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.