Economics · Agricultural Subsidies
With reference to agricultural subsidies in India, consider the following statements: 1. Input subsidies in India, such as those on fertilizers, fall under indirect farm subsidies. 2. Reductions in power and irrigation bills offered to farmers fall under indirect farm subsidies. 3. The agricultural provisions of the World Trade Organization (WTO) allow direct farm subsidies, but prohibit indirect subsidies. 4. All subsidies provided by governments in India fall under direct subsidies. Which of the statements given above is/are correct?
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1 and 2
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