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We are Posting Today’s Prelims Marathon
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[WpProQuiz 1462]
RESULTS
3 of 5 questions answered correctly
Your time: 00:02:34
You have reached 3 of 5 scores, (60%)
Agriculture market- perfect competition ( I thought such markets doesn’t exist, also even if MSPs announced prices differentiates)
Committees in economy- always get wrong
The basic feature of perfect competition is that there are too many sellers and too many buyers. So, in perfect competition, sellers (farmers) are price takers because they cannot control prices.
In Indian context, agriculture is not a business rather a matter of livelihood. So the government provides input subsidies (electricity, water, fertiliser etc). And later government announce MSP (minimum support price) to maintain reasonable price for agricultural produce.
Also, according to some economists, perfect competition in agriculture is a fallacy
Thank you?
5/5
Time:00:03:29
Question so respected
Obviously,Price makers have no shadow on perfect competition market- common sense.
Thank you ForumIAS
3/5
find the mistake. attack it and resolve
RESULTS
2 of 5 questions answered correctly
Your time: 00:05:09
You have reached 2 of 5 scores, (40%)
hey good try overall. more important than the score is to find out what happened in the questions that you lost out on. mistakes make us learn more. good luck
Hi
Hi to you too. have you attempted our quiz today ?
3 of 5 questions answered correctly
Your time: 00:01:39
You have reached 3 of 5 scores, (60%)
Agriculture sector with various subsidies remains perfect competition market?
The basic feature of perfect competition is that there are too many sellers and too many buyers. So, in perfect competition, sellers (farmers) are price takers because they cannot control prices.
In Indian context, agriculture is not a business rather a matter of livelihood. So the government provides input subsidies (electricity, water, fertiliser etc). And later government announce MSP (minimum support price) to maintain reasonable price for agricultural produce.
Also, according to some economists, perfect competition in agriculture is a fallacy.
RESULTS
2 of 5 questions answered correctly
Your time: 00:01:47
You have reached 2 of 5 scores, (40%)
Answer to first question is wrong agriculture cannot be a perfect competition due to underlying subsidies which are not equally distributed.
Eg MSP for rice but no MSP for fruits etc
2 of 5 questions answered correctly
Your time: 00:02:05
You have reached 2 of 5 scores, (40%)
RESULTS
3 of 5 questions answered correctly
Your time: 00:01:22
You have reached 3 of 5 scores, (60%)
Mistakes
Agriculture as a perfect competition mkt
Frst aidb….
2/5..
RESULTS
5 of 5 questions answered correctly
Your time: 00:02:19
You have reached 5 of 5 scores, (100%)
RESULTS
4 of 5 questions answered correctly
Your time: 00:01:33
You have reached 4 of 5 score….
AIDB
Narasimhan Committee-I
2/5 ?
3/5
1:22