What is marketed surplus?

Solution

The Green Revolution has made India self-sufficient in food grains. The farmers sell their production in the open market. The portion of the agricultural produce which is sold in the market by the farmers is called marketed surplus. According to the famous economist C.H. Hanumantha Rao, a good proportion of the rice and wheat produced during the Green Revolution period was sold by the farmers in the market. As a result the price of food grains declined. The Green Revolution enabled the government to procure sufficient amount of food grains to build a stock, which could be used in times of food shortage.

Some More Questions From Indian Economy 1950-1990 Chapter

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Indian Economy 1950-1990

What is marketed surplus?

Some More Questions From Indian Economy 1950-1990 Chapter

What structural change undergoes with development of the economy?

Name the sectors from which the GDP of a country is derived.

On which idea is the policy of 'land to tiller' is based?

Where is the provision for economic and social planning in our Constitution?

Why is agriculture called the backbone of Indian Economy?

What is meant by agriculture?

What are the main causes of backwardness of Indian agriculture?

What do you mean by land reforms?

What is consolidation of holdings?

What is Green Revolution?

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