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In an era of globalisation, we need to f...

In an era of globalisation, we need to find appropriate toolstoconfrontthechallenges facing agriculture. Commodity futures markets can play a major role in addressing some of thesechallenges. Inordertoimproveagriculturalproductivity, we need to encourage private investment including that from individual farmers, and reasonable returns for agri produce is a prerequisite for this. The price appreciation in agri commodities has failed to match the increase in price of inputs or the price-rise of other commodities, indicating deteriorating terms of trade for agriculture. Our spot markets are fragmented and, being dominated by a large chain of intermediaries, can hardly ensure a fair return for the farmers. Sport transactions, being mostly of line, lack audit trail. Different prices for the same commodity in different parts of the country give rise to arbitrage opportunities for traders. Further driven by the need for immediate cash, most farmers engage in distress sale after harvest when supply exceeds demand and price is at its lowest.
Inference : Traders are largely benefited due to distress sale of agriculture produces.
1) If the inference is 'definitely true'. i.e. it properly follows from the statement of facts given
2) if the inference is probably true though not 'definitely true' in the light of the facts given.
3) If the data are inadequate i.e. from the facts given you cannot say whether the inference is likely to be true or false
4) If the inference is probably false, though not "definitely false in the light of the facts given.

A

If the inference is definitely true' i.e. it properly follows from the statement of facts given.

B

if the inference is probably true though not definitely true' in the light of the facts given.

C

If the data are inadequate, le from the facts given you cannot say whether the inference is likely to be true or false

D

If the inference is probably false", though not definitely false' in the light of the facts given.

Text Solution

Verified by Experts

The correct Answer is:
A

According to the passage, it is obvious that traders are largely benefited due to distress sale of agricultural produces.
Therefore, the given inference is definitely true.
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