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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the governmentbuys from farmers at MSP,even if thisprice is higher than the market price . state true or false .give reasons for your answer

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