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Direction: Q. 1 to 5

Read the following case study and answer the questions.

Many small land owning farmers and farming households and weavers are descending into poverty due to globalization related shock and lack of perceived income earning opportunities in relatively well performing states in India, where households have been able to sell assets, or borrow, or generate income from alternative employment opportunities, the impact of such shocks may be transient. However, if the household has no assets to sell or no access to credit, or is able to borrow only at exploitative rates of interest and gets into a severe debt trap, the shocks can have long duration ramification in terms of pushing households below the poverty line. The worst form of this crisis is suicides.

High production costs, low and unstable yields, decline in world prices, global glut in production due to subsidies by the U.S.A. and other countries, and opening up of the domestic market due to globalisation have increased the exposure of farmers and led to agrarian distress and suicides especially in the cotton belt of Andhra Pradesh and Maharashtra. The issue is not one of profits and higher returns but that of the livelihood and survival of millions of small and marginal farmers who are dependent on agriculture.

Globalisation had immensely helped the famers in improving their income levels. The given statement is

A) True

B) False

C) Partially true

D) Partially false