Question : Statement 1: Agricultural marketing helps in the efficient allocation of resources in the agricultural sector.
Statement 2: Agricultural marketing enables farmers to identify profitable crops and make informed production decisions.
Option 1: Both statement 1 and statement 2 are true.
Option 2: Both statement 1 and statement 2 are false.
Option 3: Statement 1 is true, but statement 2 is false.
Option 4: Statement 1 is false, but statement 2 is true.
Correct Answer:
Both statement 1 and statement 2 are true.
Solution : The correct answer is (a) Both statement 1 and statement 2 are true.
Statement 1 is true. Agricultural marketing involves various activities such as market research, price discovery, and supply chain management, which help in the efficient allocation of resources. It allows farmers to understand market demand, make informed decisions about what to produce, and allocate their resources effectively to meet market requirements.
Statement 2 is also true. Through agricultural marketing, farmers gain access to market information, including prices, demand trends, and consumer preferences. This information helps them identify profitable crops or products and make informed decisions regarding production. It enables farmers to align their production with market demand, maximizing their chances of profitability.
Therefore, both statement 1 and statement 2 are true.
