Identify which of the following is the objective for the issue of pricing policy.

Reducing the prices of agricultural products

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Reducing the fluctuations in the prices of agricultural products

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Increasing the prices of agricultural products

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Providing agricultural products to the poor at low costs

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Solution

The correct option is B Reducing the fluctuations in the prices of agricultural products
In 2000, the Government of India issued a set of agricultural policies, which included the government's choices and actions on domestic agriculture and foreign agricultural product imports. One such strategy was the price policy for agricultural produce, which was designed to limit agricultural price fluctuations.

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Similar questions

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

Consider the following statements and choose the option which is correct.

(1) Inflation targeting focuses mainly on achieving price stability as the ultimate objective of Monetary policy.

(2) Monetary policy & fiscal policy have to converge for achievement of inflation targeting.

(3) The basket of items in CPI does not include machinery, chemicals etc.

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