New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which statement is

    true?
    A Commission agents are important for better performance of Rythu bazaars in India Correct Answer Incorrect Answer
    B Higher the rice price in the market, more will be the supply of paddy to the market by the farmers Correct Answer Incorrect Answer
    C Growth in producers' surplus determines the pace of economic development Correct Answer Incorrect Answer
    D Both (A) and (B) Correct Answer Incorrect Answer

    Solution

    Commission agents play a major role in the functioning of Rythu bazaars in India by providing services to both farmers and buyers. Higher market prices for rice can indeed incentivize farmers to bring more paddy to the market.

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