Minimum Support Price

Q. What are the features of Minimum Support Price (MSP)?

1. MSP is the minimum price for crops announced by the government.
2. If no traders buy the produce at MSP, it is bought by agencies like the Food Corporation of India.
3. Farmers cannot sell the produce at prices higher than MSP.
4. Farmers can sell the produce at prices higher than MSP.

Q. What is a MSP?

1. Maximum Support Price
2. Minimum Support Price
3. Median Support Price
4. Meta Support Price

Q. How does Minimum Support Price help a farmer?

1. It protects the farmer from steep price falls.
2. The buyers or bidders are forced to bid reasonable amounts.
3. The government procures the produce at MSP if the bidders are unwilling to buy.
4. MSP is always higher than what the bidders quote.

Q. If traders are unwilling to buy at Minimum Support Price (MSP), government agencies like _____ buy from the farmers at the fixed MSP.

1. Self-help groups
2. Food Corporation of India
3. Agricultural Market Yards
4. Rythu bazars

Q. In agricultural sector, for determination of price, which of the following policies is followed ________?

1. demand & supply interplay
2. minimum support prices
3. regulated prices
4. None of the above

Q. What are the features of Minimum Support Price (MSP)?

1. MSP is the minimum price for crops announced by the government.
2. If no traders buy the produce at MSP, it is bought by agencies like the Food Corporation of India.
3. Farmers cannot sell the produce at prices higher than MSP.
4. Farmers can sell the produce at prices higher than MSP.

Q. What are the features of Minimum Support Price (MSP)?

1. MSP is the minimum price for crops announced by the government.
2. If no traders buy the produce at MSP, it is bought by agencies like the Food Corporation of India.
3. Farmers cannot sell the produce at prices higher than MSP.
4. Farmers can sell the produce at prices higher than MSP.

Q. If traders are unwilling to buy at Minimum Support Price (MSP), government agencies like _____ buy from the farmers at the fixed MSP.

1. Self-help groups
2. Food Corporation of India
3. Agricultural Market Yards
4. Rythu bazars

Q. What is a MSP?

1. Minimum Support Price
2. Maximum Support Price
3. Median Support Price
4. Meta Support Price