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Ganesh Choudhary

· started a discussion

· 1 Months ago

Option D is wrong (Question: 280125.2 )

In the passage given that for low income groups, not for middle income groups.

Question:
DIRECTIONS: In Questions below, you have brief passages with questions following each passage. Read the passages carefully and choose the most appropriate answer to the questions out of the four alternatives.


Agriculture dominates change in India through its causal links with factor and product markets. It employs 60 per cent of the labour force and contributes 26 per cent to the gross domestic product. In the poorer states, its contribution to the domestic product is close to 40 per cent. Low productivity in agriculture has led to the concentration of the poor in this sector. Due to the sheer size of the agricultural economy and the importance of its major products (cereals) in the diets of the poor, gains in agricultural productivity have significant potential impact on poverty. Theoretically, it is possible to reduce poverty as well as expand the domestic market for industry by raising labour productivity in agriculture and spreading its gains among the low income groups. Modelling of the linkages between agricultural and industrial growth has shown that a 10 per cent increase in agricultural output would increase industrial output by 5 per cent and urban workers would benefit by both increased industrial employment and price deflation. However, there is an asymmetry of adjustments in the demand and supply of agricultural goods. An increase in non-agricultural production would lead to an immediate increase in demand for intermediate and final agricultural goods, whereas supply-side adjustments involving re-allocation of resources and net additional investment for capacity expansion take a much longer period. There is a widely held view that in a large country like India the demand stimulus for industrialisation would come mainly from agriculture with less social and economic costs.

How can the government reduce poverty as well as expand domestic market for industry?

Options:
A) By promoting social-welfare schemes
B) By spreading the gains from agriculture among middle-income groups
C) By increasing labour productivity in agriculture
D) Both (b) and (c)
Solution:
Solution: (d) The answer is implied in the sixth sentence of the passage.

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