Notes and Study material for Exams
Current Account deficit and Unfavorable Balance of Payment Current Account Deficit The current account deficit is a measurement of a country’s trade where the value of the goods and Services it imports exceeds the value of the products it exports. The current account includes net income, such as interest and dividends, and transfers, such as … Read more
Marketing MIX Marketing involves a number of activities. To begin with, an organisation may decide on its target group of customers to be served. Once the target group is decided, the product is to be placed in the market by providing the appropriate product, price, distribution and promotional efforts. These are … Read more
agriculture price policy Agricultural price policy in India was introduced since independence. But the agricultural price policy formulated in India has varied widely for different years and also for different crops. This policy put much emphasis on the prices of foodgrains like wheat, rice and coarse Cereals such as jowar, bajra, maize etc. … Read more
ADMINISTERED PRICES INCLUDING MSP AND PROCUREMENT PRICES Historical context The emergence of agricultural Price Policy in India was in the backdrop of Food scarcity and price fluctuations provoked by drought, floods and international prices for exports and imports. This policy in general was directed towards ensuring reasonable food prices for consumers by providing food grains … Read more
Inflation is a sustained increase in the general price level of goods and Services in an economy over a period of time. When the price level rises, each unit of currency buys fewer goods and services.It is the Percentage change in the value of the Wholesale Price Index (WPI) on a year-on year basis. It effectively … Read more
Transport & Marketing of Agricultural Produce The transport and marketing of agricultural produce is a complex and challenging process. It involves the movement of perishable goods from the farm to the consumer, while ensuring that they remain fresh and safe. The process is also subject to a number of constraints, including weather conditions, InfrastructureInfrastructure, and … Read more
Essential Commodities Act (ECA), 1955 The Essential Commodities Act (ECA), 1955 is an act of the Parliament of India that provides for the control of production, supply, distribution, and pricing of essential commodities. The act was enacted in the wake of the Bengal famine of 1943, which was caused by a combination of factors, including … Read more
Agricultural Pricing Policy Agricultural pricing policy is a set of government interventions that aim to influence the prices of agricultural products. These interventions can take many forms, such as price supports, subsidies, and tariffs. The goal of agricultural pricing policy is to ensure that farmers receive a fair price for their products, while also ensuring … Read more
Role of Food Corporation of India Functions of Food Corporation of India Procurement of Food Grains Storage of Food Grains Distribution of Food Grains Export of Food Grains Import of Food Grains Management of the Food Supply Chain Challenges faced by Food Corporation of India Role of Food Corporation of India The Food Corporation of … Read more