Question : Statement 1: Diversification of agricultural activities promotes income stability for farmers.
Statement 2: Diversification allows farmers to generate income from multiple sources throughout the year.
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.
Diversification of agricultural activities does promote income stability for farmers. By diversifying their activities, farmers can reduce their reliance on a single crop or product, which can be affected by market fluctuations or natural disasters. Having multiple sources of income can help farmers mitigate risks and stabilize their overall income.
Furthermore, diversification allows farmers to generate income from multiple sources throughout the year. Different crops or activities may have different growing seasons or production cycles, enabling farmers to have a continuous flow of income throughout the year.
Therefore, both statements 1 and 2 are true, as they accurately describe the benefits of diversification in promoting income stability and generating income from multiple sources for farmers.
Question : Statement 1: Diversification of agricultural activities can improve the overall income of farmers.
Statement 2: Diversification allows farmers to explore additional sources of income.
Question : Statement 1: Diversification of agricultural activities leads to increased farm income through value addition.
Statement 2: Diversification allows farmers to process and market their agricultural products.
Question : Statement 1: Diversification of agricultural activities helps in the utilization of underutilized resources.
Statement 2: Diversification allows farmers to utilize their labor and land resources more effectively.
Question : Statement 1: Institutional sources of credit provide farmers with flexible repayment options.
Statement 2: Institutional sources of credit offer longer loan tenure compared to informal sources.
Question : Statement 1: Diversification of agricultural activities can lead to improved soil health and fertility.
Statement 2: Diversification allows for crop rotation and reduces the risk of soil nutrient depletion.
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