Question

In 2010-11, agro imports constituted about_________ of total import.
A) 2.5%
B) 2.4%
C) 3.13%
D) 3%

Answer 1

Hint: The total import of agro import has exceeded the volume of exports, which resulted in a positive trade balance. If we talk about the year 2010-11, the agro import constitutes a good amount of the total import.

Complete answer:
Indian agricultural commodities bought by overseas buyers give import statistics about indian agro products. Such type of data on agro import is conducted by indian agro exchange. This will help to understand the agro products towards international buyers.

It occupied a very unique place all over the world’s agricultural products. India is the world ‘s largest producer of different range of commodities due to favorable climatic conditions. The agriculture sector is included in the primary sector of the economy. This sector almost includes half of the population of India.

In the study of import of agriculture, it contributes to the impact of both the import and export in India. The total import of agro products has exceeded the volume of exports, which resulted in a positive trade balance.

Even if there is an increase in the quantum of agro import, there is a consistent decrease in the total export. It has been fluctuating. The Indian government needs to take some effective steps to raise its agriculture export by helping the exporters. If we talk about the year 2010-11, the agro import constitutes a good amount of the total import. It basically constitutes about 3.13% of the total imports.

Thus, the correct answer is Option (C) 3.13%

Note: In recent years i.e. 2018-19, the agro exports have increased from 9.4% to 9.9%. During this same time, the agro imports in India have decreased from 5.7% to 4.9, thus indicating a surplus in agricultural production and decrease of dependence on imports.