1 View

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.


Team Careers360 22nd Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

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.

Related Questions

CLAT Current Affairs with GK ...
Apply
Stay updated with current affairs & check your preparation with the CLAT General Knowledge Mock Tests Ebook
CLAT English Language Mock Tests
Apply
Free Ebook - CLAT 2025 English Language questions with detailed solutions
ICFAI Business School-IBSAT 2024
Apply
9 IBS Campuses | Scholarships Worth Rs 10 CR
CLAT Legal Reasoning Mock Tests
Apply
Free Ebook - CLAT 2025 legal reasoning questions with detailed solutions
GIBS Business School Bangalor...
Apply
100% Placements with 220+ Companies
Great Lakes PGPM & PGDM 2025
Apply
Admissions Open | Globally Recognized by AACSB (US) & AMBA (UK) | 17.3 LPA Avg. CTC for PGPM 2024
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books