The more widespread aspect of the globalisation of agriculture is the entry of multinationals into this sector as sellers of agricultural inputs such as seeds, pesticides and fertilisers. Over the last decade or so, the government has scaled down its 'agricultural development programmes and agricultural extension' agents have been replaced in the villages by agents of seed, fertiliser and pesticide companies.
Based on the given passage, answer the following question :
(a) How is agriculture becoming more commercialised?
Calculate Domestic Income (NDPFC) from the data given below:
S. No. | Particulars | Amount (in ₹ lakh) |
---|---|---|
(i) | Gross National Product at Market Price (GNPMP) | 2,500 |
(ii) | Consumption of Fixed Capital (Depreciation) | 200 |
(iii) | Goods and Services Tax (Indirect Tax) | 20 |
(iv) | Subsidies | 50 |
(v) | Net Factor Income from Abroad (NFIA) | 50 |
(vi) | Changes in Stocks | 30 |
(vii) | Unexpected Loss of a Fixed Asset | 500 |
Using the given information, complete the following table: (Choose the correct option)