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Question

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


Your Answer
A
Self-help groups 
Correct Answer
B
Food Corporation of India
Your Answer
C
Rythu bazars
Your Answer
D
Agricultural Market Yards

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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