What is the average monthly income per agricultural household in India, according to the 77th round of National Statistical Office (NSO) survey, calculated using the paid-out expenses approach?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. ₹10,218.
As per the 77th round of the National Statistical Office (NSO) survey, based on the Situation Assessment Survey of Agricultural Households carried out from January to December 2019 for the agricultural year July 2018 to June 2019, the average monthly income of an agricultural household, when assessed through the paid-out expenses method, stood at ₹10,218. This calculation reflects net earnings after accounting for production costs and other related expenses borne by farming families.