Which of the following statements about ‘farm subsidies’ are correct?
(i) The input subsidies in India, such as on fertilisers, fall under indirect farm subsidies.
(ii) Reduction in power and irrigation bills offered to farmers fall under direct farm subsidies.
(iii) The agricultural provisions of the WTO, though allow direct farm subsidies, prohibits indirect subsidies.
(iv) All subsidies given by the government of India fall under the indirect category.
Select the correct statements using the code given below:
1
(i) and (ii)
2
(ii) and (iii)
3
(iii) and (iv)
4
(i) and (iv)