Economics · Indian Agriculture Sector
Analyze the following statements concerning the Indian Agriculture Sector and select the correct option: Statement I: The Minimum Support Price (MSP) mechanism covers all crops grown in India. Statement II: The Farming Sector is the only major sector where Net Value Added (NVA) is consistently higher than Gross Value Added (GVA). Statement III: The Agriculture Infrastructure Fund (AIF), launched in 2020, provides medium-to-long-term debt financing for post-harvest management infrastructure with interest subvention. Statement IV: Priority Sector Lending (PSL) norms mandate that Scheduled Commercial Banks achieve a target of 18 percent of their Adjusted Net Bank Credit (ANBC) or Credit Equivalent of Off-Balance Sheet Exposure, whichever is higher, for lending to the Agriculture sector.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
Share:
- 1Statements I, II, III, and IV are correct.
- 2Statements I and II are correct, while III and IV are incorrect.
- 3Statements I and II are incorrect, while III and IV are correct.
- 4Statements III and IV are correct, while I and II are incorrect.✓
Correct answer
Statements III and IV are correct, while I and II are incorrect.
Download Single Question PDF
Save this question and verified answer as a clean study sheet with live clickable link.
👥
Share with Friends & Study Groups
Challenge your peer aspirants on WhatsApp or Telegram to solve this question!
Online Test Series
Start Free Mock Test →Preparing for Economics?
Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.
Chapter Practice
Practice Indian Agriculture Sector MCQs →Want more practice questions on Indian Agriculture Sector?
Solve complete topic-wise tests with detailed solutions on GkGet.
Related Practice Questions
Recommended practice questions in Economics · Indian Agriculture Sector