Question

Which of the following sentences is/are true?

1. i. The projected growth rate of the Indian agriculture sector for FY 2022-23 was 5.5%.
2. ii. During the Financial Year 2021-22, agricultural exports of India reached to about US$ 50.2 billion.
3. iii. During Kharif Marketing Season 2021- 22, 581.7 lakh metric tons of rice was procured in India.

• A. 1, 2
• B. 3 only
• C. All
• D. 2, 3

Answer 1

Answer:

D. 2, 3

Indian Agriculture Sector Performance and Data

• Statement i Analysis: The projected growth rate for the Indian agriculture sector for FY 2022-23 was 3.5%, not 5.5%. This projection was made by various economic bodies and reflects anticipated performance based on monsoon, government policies, and global trends. The actual growth rate may vary.

• Statement ii Analysis: During the Financial Year 2021-22, India's agricultural exports indeed reached approximately US$ 50.2 billion. This signifies a strong performance in the export market, driven by demand for various agricultural commodities. Key export items include rice, wheat, marine products, spices, and processed foods. This figure represents a significant contribution to India's foreign exchange earnings.

• Statement iii Analysis: In the Kharif Marketing Season 2021-22, the procurement of rice in India reached a substantial volume of 581.7 lakh metric tons. This indicates the effectiveness of the government's Minimum Support Price (MSP) operations and procurement policies aimed at supporting farmers and ensuring food security. The Food Corporation of India (FCI) plays a crucial role in this procurement process.