Question
Which of the following statements is/are correct about
the Union Cabinet’s approved schemes for farmers? 1. Digital Agriculture Mission (DAM) focuses on technology integration in agriculture. 2. ₹1,202 crore was allocated for Sustainable Livestock Health and Production. 3. Soil Profile Mapping aims to create soil maps for 142 million hectares of agricultural land.Solution
• The Union Cabinet approved seven schemes for the agriculture sector with a total outlay of ₹14,235.30 crore. • The most significant scheme is the Digital Agriculture Mission (DAM), with a focus on technology integration in agriculture through a consolidated Agri Stack and Krishi Decision Support System. • Soil Profile Mapping will create detailed soil maps for 142 million hectares of agricultural land. • The Crop Science for Food and Nutritional Security scheme, with an outlay of ₹3,979 crore, aims to enhance climate resilience and ensure food security by 2047. • The Sustainable Livestock Health and Production scheme, allocated ₹1,702 crore, focuses on increasing incomes from livestock and dairy. • Other approvals include Sustainable Development of Horticulture (₹1,129.30 crore), Krishi Vigyan Kendras (₹1,202 crore), and Natural Resource Management (₹1,115 crore).
Statement “Price is the amount of money and/or other item with utility needed to acquire a product" is given byÂ
Movement along a demand curve as a result of change in price is known asÂ
In case of Giffens goods, price effect is
Who introduced the concept of elasticity of demand?
From the resource allocation point of view, perfect competition is preferable becauseÂ
Elasticity of demand measures the
A rightward shift in supply curve indicates
Break-even analysis can also be termed as
Which buying behaviour involves high involvement?
Which one of these is an exception to the law of demand?