Farm subsidies can be broadly classified into direct and indirect subsidies. Direct subsidies are typically cash transfers, while indirect subsidies reduce the cost of inputs or services.
Consider the following statements about farm subsidies in India. 1. The input subsidies in India, such as on fertilizers fall under indirect farm subsidies. 2. Reducation offered to farmers in Power and irrigation bills fall under direct farm subsidies. 3. The agricultural provisions of the World Trade Organization (WTO) though allow direct farm subsidies, prohibit indirect subsidies. 4. All subsidies provided by the goverments in India fall under the indirect subsidies. Select the correct statements using the code given below:
Asked in UPPCS Prelims 2022 · Topic: Agriculture and Allied Sectors (Agricultural Policies and Programs (MSP, Subsidies))
More Economic Development questions
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