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  • In India, which of the following can be considered as public investment in agriculture?                                            

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. 

(a) 1, 2 and 5 only 

(b) 1, 3, 4 and 5 only 

(c) 2, 3 and 6 only 

(d) 1, 2, 3, 4, 5 and 6 

Answer: c

Explanation:

Public investment usually refers to gross fixed capital formation (total value of acquisitions, less disposals, of fixed assets) by the state, whether through central or local governments or through publicly owned industries or corporations.

 Public investment encompasses physical or tangible investment in infrastructure (such as transport, telecommunications, and buildings), but in a broader sense, public investment can include human or intangible investment in education, skills, and knowledge.  

Computerization of Primary Agricultural Credit Societies, Setting up of cold storage facilities by the governments are tangible or physical public investment and Social Capital Development  is intangible public investment.

Hence, option c is correct.

Read: Solved Economy PYQs With Explanation 2020 UPSC Prelims

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