10 Questions
What is the primary focus of agriculture?
Producing food and fabrics
How does an increase in agricultural output impact the country's GNP?
It leads to a rise in the GNP
What is the role of agriculture in the economic development of developing countries?
It contributes to food supply, foreign exchange earnings, and rural income enhancement
What happens to the share of non-agricultural sector in the GDP as industrial development accelerates?
It increases steadily
What is the main impact of critical issues on the agricultural sector?
Horrifying the entire food system
Why does agriculture receive the hardest blow among the sectors?
Feeling every inch of strain
How does increased farm output benefit the non-agricultural sector?
By lowering food prices
What role did agriculture play in the early stages of economic development?
It accounted for one-third to one-half of the GDP and employed two-thirds or more of the labor force.
How does increased agricultural productivity benefit the non-agricultural sector?
Through lower food prices and generation of higher levels of farm income.
Why is agricultural development considered critical for overall economic development?
It enlarges the size of the market and leads to increased industrial output.
This quiz explores the relationship between increased agricultural productivity, market size expansion, and its impact on the non-agricultural sector. It also covers the benefits of capital generation through a well-devised tax system and the potential for surplus production to be exported to other countries.
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