Consider the following statements related to different aspects of Minimum Support Price:-

1. The Minimum Support Price was announced by the government of India for the first time in 1975-76 for cotton.

2. In calculating MSP the number of hours that the bullock actually works on the forms is used for the calculation.

3. The recommendation of commission for Agriculture cost and prices and views are of state government are considered while deciding MSP.

Which of the above statement(s) is/are correct?

1 and 2 only

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2 and 3 only

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1 and 3 only

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3 only

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Solution

The correct option is B
2 and 3 only

MSP was announced in 1966-1967 for the first time for wheat in the wake of green revolution. The second point is a drawback in MSP calculation pointed out by Ramesh Chand committee on MSP. And MSP is decided by central government taking into consideration of –

1. Recommendation of commission for Agricultural cost and prices

2. Views of state govt.

3. Views of ministries

4. Other relevant factors.

Thus statements 2 and 3 are correct while 1 is incorrect.

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Similar questions

Q16. Consider the following statements about Minimum Support Prices (MSP):

1. MSP is the price at which government purchases crops from the farmers, whatever may be the price for the crops.

2. The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Ministry of Agriculture.

Which of the above statements are correct?

Q27. Consider the following statements with regard to Minimum Support Price (MSP).

1. MSP is price fixed by the Commission for Agricultural Costs and Prices (CACP).

2. The change in input prices is not included while considering the MSP.

Which of the above statement(s) is/are correct?

Q. Q8. Consider the following statements about the Commission for Agricultural Costs & Prices (CACP):
1. It is mandated to recommend minimum support prices (MSPs)
2. Union Agriculture Minister is the ex-officio chairperson of the commission
Which of the above statements is/are correct?

Q. Government announces minimum support prices (MSPs) for ______ mandated crops.

Q. 96. Government of India declares Minimum Support Price (MSP) for 25 notified agricultural commodities for each Kharif and Rabi crop season. Government procures these products through multiple agencies to ensure the availability of food grains. Consider the following statement with references to the procuring agencies.
1. National Agricultural Cooperative Marketing Federation of India Ltd.(NAFED)is Central Nodal Agencies for procurement of Oilseeds, Pulses and Cotton under Price Support Scheme (PSS) of Government of India.
2. Food Corporation of India is the nodal central agency for procurement of wheat and paddy under Price Support Scheme (PSS).
3. Coarse grains are procured by State Government Agencies for Central Pool as per the direction issued by Government of India on time to time.
4. Agriculture Produce Marketing Cooperatives (APMC) of the respective state government deals mainly in horticulture products.
Which of the above statement(s) is/are correct?

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