Farmers are paid a pre-announced price by the government for their crops. It is called _______.

Issue price

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Invested price

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Market price

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Minimum Support Price

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is B Minimum Support Price

Minimum Support Price (MSP) is a announced by the Government of India at the beginning of the sowing season for certain crops. The MSP is a guarantee price for farmers' produce. The major objectives are to support the farmers from distress sales and to procure food grains for public distribution.

Suggest Corrections

Similar questions

Q. A pre-announced price for a farmer's crop is called _____.

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?

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

Multiple choice questions

(i) Which one of the following describes a system of agriculture where a single crop is grown on a large area?

(a) Shifting Agriculture

(b) Plantation Agriculture

(d) Intensive Agriculture

(ii) Which one of the following is a rabi crop?

(a) Rice

(b) Gram

(d) Cotton

(iii) Which one of the following is a leguminous crop?

(a) Pulses

(b) Jawar

(d) Sesamum

(iv) Which one of the following is announced by the government in support of a crop?

(a) Maximum support price

(b) Minimum support price

(d) Influential support price

Q3. Identify the correctly matched Pair
1. M S P - Pre announced price for crops

2. Issue price - The price of food grains in

ration shops

3. Procurement cost -The final price at which government buys the food grains

Join BYJU'S Learning Program