2020 Economy - Agriculture and Rural Development

26. With reference to the above passage, the following assumptions have been made : 1. Structural and rural transformation is impossible when farms are mainly small and marginal. 2. A good price incentive can trigger investments in agriculture. 3. India needs to build value chains for high-value agri-products like livestock and horticulture. 4. Higher global prices of agricultural commodities are essential for India's poverty reduction. Which of the above assumptions are valid?

• 1 and 3
• 2 and 4
• 2 and 3
• 3 and 4