A pre-announced price for a farmer's crop is called _____.
A
FCI
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B
MSP
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C
PDS
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D
PAP
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Solution
The correct option is B MSP The farmers are paid a pre-announced price for their crops. This price is called Minimum Support Price (MSP). The MSP is declared by the government every year before the sowing season to provide incentives to the farmers for raising the production of these crops.