Consider the following statements about Agriculture of Punjab 1 The total land under agriculture is ...........

Punjab Economy

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Consider the following statements about Agriculture of Punjab .

1.The total land under agriculture is 82% of the total land.

2.The agriculture and allied sector’s contribution to GSVA at constant prices has increased during recent years.

3.The gross capital formation (GCF) in agriculture and allied sector is showing decreasing trend since 2011-12.

Which of the following statement is/are correct ?

1 Only

2 Only

1 and 3 Only

All of the above

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Explanation:

The Punjab State is following extensive and intensive model of Agriculture since 82% land in Punjab is under agriculture.
Most of the agriculture land in Punjab is sown more than once, hence the gross cropped area in 2017-18 is expected to be 7900 thousand hectares.
The agriculture and allied sector’s contribution to GSVA (Gross State Value Added) at constant prices has declined marginally
during recent years.The share of Agriculture & Allied sector in the GSVA, which was 30.80% in 2011-12, has declined to 26.15% in 2016-17 and is likely to be 25.57% in 2017-18.
The gross capital formation (GCF) in agriculture and allied sector, which represents the extent of investment in the sector, is showing an increasing trend from 2011-12 onwards.The GCF during 2011-12 is 3085 cr and in 2015-16 is around 3177 cr.