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Question
Minimum Support Price is decided by the ___________.
Minimum Support Price is decided by the ___________.
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Solution
The correct option is B Government
Minimum Support Price (MSP) is decided by the government.
This is the price at which the government pays to the farmers for their produce.
Government buys the crops from farmers at MSP and then sell it in the market. This
policy helps the farmers as they get a fixed amount for their produce no matter
what the market price is. And also they don’t have to look after the
distribution of the produce.
Minimum Support Price (MSP) is decided by the government. This is the price at which the government pays to the farmers for their produce. Government buys the crops from farmers at MSP and then sell it in the market. This policy helps the farmers as they get a fixed amount for their produce no matter what the market price is. And also they don’t have to look after the distribution of the produce.
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