Choose the statement that is true/false:

While subsidies encourage farmers to use new technology, they are a huge burden on government finances.

see full answer

Start JEE / NEET / Foundation preparation at rupees 99/day !!

21% of IItians & 23% of AIIMS delhi doctors are from Sri Chaitanya institute !!

An Intiative by Sri Chaitanya

True

False

answer is A.

(Unlock A.I Detailed Solution for FREE)

Ready to Test Your Skills?

Check your Performance Today with our Free Mock Test used by Toppers!

Take Free Test

Detailed Solution

The above statement is true.
In agriculture, subsidy refers to giving farmers some necessary inputs at a discounted rate or substantially less than their market price. For example, in the 1960s, farmers were given discounted prices on HYV seeds, fertilisers, and insecticides to ensure the success of the Green Revolution. To encourage the implementation of the new HYV technology, subsidies for farmers, especially for small farms, are required. Farming in India is still risky, and subsidies offer protection from climatic risk.

Watch 3-min video & get full concept clarity

Result Producing online coaching for JEE/NEET of south India

Largest All India Test Series for JEE/NEET

Best Books for IIT JEE

Best Books for NEET

How to Join IIT after 10th