You visited us 12 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard X

Geography

Green Revolution, Its Impact, and the Current Reforms to Develop the Agricultural Sector

In India, wha...

Question

In India, what does the minimum support price for a crop indicate?

Price guaranteed by the government

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

The market price of the crop

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

Extra price given by government to support farmers

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

Minimum price every farmer earns

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

Open in App

Solution

The correct option is A Price guaranteed by the government
Minimum support price is the price guaranteed by the government for a particular crop. If the market value is lower, the government will buy the produce from the farmer by paying the minimum support price. Announcement of a minimum support price acts as a check against the exploitation by middlemen and traders.

Suggest Corrections

Similar questions

Q.  In India, what does the minimum support price for a crop indicate?

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

Minimum support price was first observed for which of the following crop in 1966-67?

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?

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

Join BYJU'S Learning Program