AGRICULTURE ECONOMY
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Rural Banking (Elective) — CAIIB.
One-liners from this chapter
Free sample — 8 of 66 rapid-fire Q&A cards.
What percentage of India's population is dependent on agriculture as per census data?
About 58% of India's population depends on agriculture for livelihood, making it the backbone of the rural economy.
What is the primary sector contribution of agriculture to India's national income?
Agriculture contributes about 17-18% to national income.
What is the share of agriculture and allied sectors in India's GDP?
Agriculture and allied sectors contribute approximately 17-18% to India's GDP, though this share has declined over decades due to growth in services and industry.
What is the meaning of 'subsistence farming' in the Indian agricultural context?
Farming done mainly for the family's own food consumption.
What are the four main categories of land use in Indian agriculture?
Land use in India is classified as net sown area, fallow land, forest area, and land not available for cultivation.
What is 'horticulture' and how does it contribute to the Indian rural economy?
Cultivation of fruits, vegetables and flowers; boosts rural income significantly.
What is the concept of 'disguised unemployment' in the context of Indian agriculture?
Disguised unemployment refers to a situation where more people are engaged in agricultural work than actually required, meaning their marginal productivity is near zero.
What is the definition of 'small farmer' as per RBI priority sector norms?
Farmer with landholding of more than 1 hectare but up to 2 hectares.
Video classes for this chapter
More chapters in Module A - Rural India
Related articles & notes
In-depth Rural Banking (Elective) guides from our blog.
Master the full RB syllabus
Every chapter of Rural Banking (Elective) — videos, tests, notes and one-liner decks in one place.