Agricultural
Question : Case Study 10: Entrepreneurship and Economic Growth
A group of young graduates decided to start a tech startup. They developed an innovative mobile application that connects farmers directly to consumers, eliminating the need for middlemen. This resulted in better prices for farmers and affordable produce for consumers.
Question:
The startup's app contributes to economic growth by:
Option 1: Increasing the cost of agricultural products
Option 2: Creating more middlemen
Option 3: Promoting direct farmer-consumer interactions
Option 4: Limiting the reach of agricultural products
Correct Answer: Promoting direct farmer-consumer interactions
Solution : The correct answer is (c) Promoting direct farmer-consumer interactions
The mobile application, by connecting farmers directly to consumers and eliminating the need for middlemen, promotes direct interactions between farmers and consumers. This can lead to economic growth by creating more efficient and transparent markets, ensuring fair prices for farmers and providing consumers with affordable produce. The direct interaction facilitated by the app contributes to a more sustainable and inclusive agricultural ecosystem.
Question : What is meant by subsistence agriculture?
Option 1: Agricultural output is sufficient for the country.
Option 2: Agriculturists produce primarily for themselves.
Option 3: Agriculture generates sufficient income.
Option 4: Agriculturists produce primarily for the market.
Correct Answer: Agriculturists produce primarily for themselves.
Solution : The correct option is Agriculturists produce primarily for themselves.
Subsistence agriculture refers to a farming practice where agriculturists primarily cultivate crops and raise livestock for the sole purpose of meeting their own and their family's basic food and livelihood needs. It involves minimal surplus production for sale or trade, focusing on sustenance rather than commercial profit.
Question : What was a significant consequence of the East India Company's revenue policies on rural society?
Option 1: Increased agricultural diversification
Option 2: Decreased dependency on monsoon
Option 3: Land alienation and consolidation
Option 4: Improved rural infrastructure
Correct Answer: Land alienation and consolidation
Solution : A significant consequence of the East India Company's revenue policies on rural society was land alienation and consolidation, as the emphasis on revenue generation led to the concentration of land ownership and displacement of small farmers.
Question : What is a common feature of urban areas as a result of urbanization?
Option 1: Decreased population density
Option 2: Reduced traffic congestion
Option 3: Increased high-rise buildings
Option 4: Expanded agricultural land
Correct Answer: Increased high-rise buildings
Solution : A common feature of urban areas as a result of urbanization is the increased presence of high-rise buildings to accommodate the growing population.
Question : How did the expansion of Chennai in the 18th and 19th centuries impact its urban landscape?
Option 1: It led to the development of new residential areas
Option 2: It caused a decline in agricultural activities
Option 3: It resulted in the construction of fortifications
Option 4: It increased the city's dependence on river water
Correct Answer: It led to the development of new residential areas
Solution : The expansion of Chennai in the 18th and 19th centuries led to the development of new residential areas, as the city's population grew and the demand for housing increased.
Question : What is an effect of land degradation?
Option 1: Increased water retention
Option 2: Enhanced soil fertility
Option 3: Reduced agricultural productivity
Option 4: Improved biodiversity
Correct Answer: Reduced agricultural productivity
Solution : Land degradation can lead to reduced agricultural productivity as the soil loses its nutrients and ability to retain water, affecting crop growth.
Question : Why were hill stations established by the British in India?
Option 1: To serve as centers for agricultural research
Option 2: To act as strategic military outposts
Option 3: To provide a retreat from the summer heat
Option 4: To develop mining industries
Correct Answer: To provide a retreat from the summer heat
Solution : Hill stations were established by the British in India to provide a retreat from the summer heat, offering a cooler climate for rest and relaxation.
Question : Financial institutions other than banks can be crucial in assisting individuals, small firms, and farmers who want to enter the home market. These financial firms can assist in providing credit and investments to persons who are typically not helped by traditional banks, giving them an opportunity to improve their lives. Rural property is supported and encouraged through a variety of ways that do not just rely on agricultural channels. In India, one such financial organization is?
Option 1: State Bank of India
Option 2: National Bank for Agriculture and Rural Development
Option 3: NITI Ayog
Option 4: NGOs
Correct Answer: National Bank for Agriculture and Rural Development
Solution : An apex regulatory agency for the overall regulation of regional rural banks and apex cooperative banks in India is the National Bank for Agriculture and Rural Development. It is governed by the Ministry of Finance of the Indian Government. Under this rural property is supported and encouraged through a variety of ways that do not just rely on agricultural channels. Hence option b is the correct answer.
Question : The economic reforms in India led to the emergence of a new middle class that is characterized by:
Option 1: Traditional values and lifestyles
Option 2: High levels of agricultural involvement
Option 3: Consumerist lifestyles and increased purchasing power
Option 4: Strong ties to the rural economy
Correct Answer: Consumerist lifestyles and increased purchasing power
Solution : The economic reforms in India led to the emergence of a new middle class characterized by consumerist lifestyles, increased purchasing power, and a shift towards service-oriented employment.
Question : The transition in class structure in post-independence India is characterized by:
Option 1: The disappearance of caste-based inequalities
Option 2: The consolidation of feudal structures
Option 3: The rise of a diverse middle class
Option 4: The decline of the agricultural sector
Correct Answer: The rise of a diverse middle class
Solution : The transition in class structure in post-independence India is characterized by the rise of a diverse middle class, influenced by industrialization, urbanization, and changes in the economy.
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