9 Views

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

MAHE Manipal M.Tech 2025
Apply
NAAC A++ Accredited | Accorded institution of Eminence by Govt. of India | NIRF Rank #4
Amity University, Noida Law A...
Apply
700+ Campus placements at top national and global law firms, corporates, and judiciaries
Amity University Noida B.Tech...
Apply
Among Top 30 National Universities for Engineering (NIRF 2024) | 30+ Specializations | AI Powered Learning & State-of-the-Art Facilities
Chandigarh University Admissi...
Apply
Ranked #1 Among all Private Indian Universities in QS Asia Rankings 2025 | Scholarships worth 210 CR
VIT Chennai LLM Admissions 2025
Apply
VIT Chennai LLM Admissions Open 2025 | #1st in Private Law Institute by IIRF Ranking | Experienced Faculty | World Class Infrastructure
Amity University, Noida BBA A...
Apply
Ranked amongst top 3% universities globally (QS Rankings)
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