In India, which of the following can be considered as public investment in agriculture? 1. Fixing Minimum Support Price for agricultural produce of all crops 2. Computerization of Primary Agricultural Credit Societies 3. Social Capital development 4. Free electricity supply to farmers 5. Waiver of agricultural loans by the banking system 6. Setting up of cold storage facilities by the governments Select the correct answer using the code given below:
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A hard Economy multiple-choice question from UPSC Prelims 2020. Attempt it above, then check the correct answer and detailed explanation below.
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Correct answer: C. 2, 3 and 6 only
Public investment creates durable productive capacity — computerizing PACS, social capital development and setting up cold-storage facilities (2, 3 and 6). Minimum Support Price, free electricity and loan waivers are subsidies/transfers, not investment.
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