Economics 1 Marks Question

development is important because around two-third of India's population lives in rural areas.

'Organic farming' is a whole system of farming that restores, maintains and enhances the ecological balance.

The growth of rural economy depends upon infusion of capital, from time to time, to realise higher productivity in agriculture and non-agriculture sectors.

False.
Explanation:
Credit provisions made by Self Help Groups (SHGs) to its different members are known as micro credit programme.

The main purpose of SHGs emerging up is to fill the gap in the formal credit system of rural areas.

As agriculture is already overcrowded and cannot offer additional employment, people seek employment in non-farm sectors.

'Agricultural marketing is a wide process that involves the assembling, storage, processing, transportation, packaging, grading and distribution of different agricultural commodities across the nation.

Diversification implies providing productive sustainable livelihood options to rural people, rather than exclusively depending on farming for livelihood.

The major aim of designing multi-agency system is to dispense adequate credit for diverse need at cheaper rates.

Fish production from inland sources contributes about 64% and marine sources contribute the remaining 36% to total fish production.

Infrastructural facilities such as electricity, irrigation and transport facilities should be developed to promote rural development.

It generates income through exports as the demand for organic crops is increasing.

Safe and Healthy food.

Green Revolution led to the diversification of the portfolio of rural credit towards production-oriented lending.

The current institutional structure of rural banking is a set of multi-agency institutions.

Self Help Groups (SHGs) have been set up to fill the gap in the formal rural credit system which has proved to be inadequate and has not been fully integrated into the rural, social and community development.

Farmers need credit to buy additional land, tools, fertilisers and seeds, for paying off old debt and even for personal expenses like marriage, death, religious ceremonies, etc.

Sansad Adarsh Gram Yojana (SAGY) is a new scheme introduced by the Government of India in 2014, under which Members of Parliament need to identify and develop one village from their constituencies.

Agricultural credit refers to the borrowing of money by the farmers from various sources to meet their financial needs.

The status of our fishermen is comparatively lower than that of other backward sectors of our economy because of uncontrolled underemployment, low per capita earnings and high rate of illiteracy.

The Indian farmers borrow year after year and are not in a condition to pay off debts taken at high rate of interest. The debt mounts year after year. This has created a class of landless labourers who are in a debt trap.

Golden revolution refers to a series of research, development and technology transfer initiatives that increased the production of horticulture crops and honey.

It is a system whereby all the farmers can pool their milk produced on the basis of different grading and the same is then processed and marketed to urban centres through co-operatives.

Rural development (being comprehensive in nature) refers to a plan of action for the development of rural areas which are lagging behind in socio-economic development.

Diversification includes two aspects, one relates to diversification of crop production and the other relates to a shift of workforce from agriculture to other allied activities and non-agricultural sector.

Agriculture is a risky occupation especially in India where irrigation facilities are there only in 43% of land area under agriculture. In such circumstances, we need to provide farmers with risk management and insurance.

TANWA stands for Tamil Nadu Women in Agriculture.

Regulated markets have been established by the government where sale and purchase of agricultural produce is monitored by market committee consisting of representatives of government, farmers and traders.

Fruits, vegetables, tuber crops, flowers, medicinal and aromatic plants, spices and plantation crops are the examples of some horticultural crops.

The two non-farm activities which should be developed in rural areas are:

1. Handicrafts.
2. Poultry.

Four concerns of Indian agriculture are:

1. Agricultural credit.
2. Agriculture marketing.
3. Diversification.
4. Pricing policy.