Solved Exercise for Precis writing with Title “Agricultural Production and Price Rise” for Class 10, Class 12 and Graduation and other classes.

Passages with Solved Precis

There is also the price effect. A fall in output usually leads to rise in prices. With a basic commodity like food grains, which has substantial weight age in the cost of living index, a rise in prices can set off an all-round inflationary spiral. Alternatively, Government may well off-set this initial price rise by making up the produce ion short fall, as it did this year, from buffer stocks. In that case, the drop in agricultural output will reduce the demand for industrial goods and start e recession, bringing down industrial production and, with it, the revenues of the Exchequer. The budget which apparently raises most of the taxes from the non-agricultural sector is greatly affected by what happens to agricultural production. From this view, February 2:3 is possibly the worst time for the presentation of the budget. For, more than two thirds of production comes from the Kharif crop which depends entirely on the monsoons.

Precis

Title – Agricultural Production and Price Rise

A fall in output causes price rises, especially, in case of food-grains which affects living index and price rise may cause inflation. Buffer stocks may help in controlling prices. Agriculture influences a country’s budget and two-thirds agricultural productions due to Khalif crop that depends on rain.