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

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Food Corporation of India

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Solution

The correct option is B Food Corporation of India
Minimum Support Price (MSP) is the minimum price assured and fixed by the government. If traders are unwilling to buy at MSP, government agencies like Food Corporation of India step in and buy from the farmers at the fixed MSP.

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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?

Q. The government introduced the Farm Bills in 2020. The farmers were agitated since there was no mention of the Minimum Support Price (MSP) in the bills. Why were farmers concerned with the absence of MSP?

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

Q. When is Minimum Support Price (MSP) declared by the government?

Q. The government introduced the concept of minimum support price (MSP) to tackle the problem of .

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

The correct option is B Food Corporation of IndiaMinimum Support Price (MSP) is the minimum price assured and fixed by the government. If traders are unwilling to buy at MSP, government agencies like Food Corporation of India step in and buy from the farmers at the fixed MSP.

The correct option is B Food Corporation of India
Minimum Support Price (MSP) is the minimum price assured and fixed by the government. If traders are unwilling to buy at MSP, government agencies like Food Corporation of India step in and buy from the farmers at the fixed MSP.