Read the following statement given below and choose the correct alternative Statement 1 Regulation o...........

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Read the following statement given below and choose the correct alternative

Statement 1- Regulation of markets is important to improve agriculture market

Statement 2- Regulated markets promotes commercialisation of agricultural

Both are correct

Both are incorrect

Statement 1 is correct and statement 2 is incorrect

Statement 1 is incorrect and statement 2 is correct

Explanation:

- Statement 1: Regulation of markets is important to improve agriculture markets.

- This is true because market regulation ensures fair prices, protects farmers from exploitation, and stabilizes the market environment, making it conducive for growth.

- Statement 2: Regulated markets promote commercialization of agriculture.

- This is also true. Regulation can lead to better market infrastructure and facilities, thereby encouraging farmers to grow crops that have higher market demand and increasing their commercial value.

- Option 1: Both are correct.

- This is the right choice. Both statements align with the benefits of market regulation in the agricultural sector.

- Option 2: Both are incorrect.

- This isn't true as both statements present valid points about market regulation and commercialization.

- Option 3: Statement 1 is correct and statement 2 is incorrect.

- This isn't accurate as both statements are true.

- Option 4: Statement 1 is incorrect and statement 2 is correct.

- This is incorrect because Statement 1 is true.