Q. With reference to the Minimum Support Price (MSP), consider the following statements: (M)

Select the correct answer using the codes given below:

1 only

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1 and 2 only

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1, 2 and 3

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None of the above.

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Solution

The correct option is A 1 only
Explanation:

Statement 1 is correct.

Statement 2 is incorrect: Based on the recommendations of the Commission for Agricultural Costs and Prices, the Department of Agriculture and Cooperation, Government of India, declares Minimum Support Prices (MSP) for 22 crops before their sowing seasons.

Statement 3 is incorrect: There is no draft stating the regional Minimum Support Price, thus, the same MSP is followed for crops across the country.

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Similar questions

Q27. Consider the following statements with regard to Minimum Support Price (MSP).

1. MSP is price fixed by the Commission for Agricultural Costs and Prices (CACP).

2. The change in input prices is not included while considering the MSP.

Which of the above statement(s) is/are correct?

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

Q. Q8. Consider the following statements about the Commission for Agricultural Costs & Prices (CACP):
1. It is mandated to recommend minimum support prices (MSPs)
2. Union Agriculture Minister is the ex-officio chairperson of the commission
Which of the above statements is/are correct?

Q. Which of the following factors are taken into account while deciding the Minimum support price (MSP) for agricultural produce?

Select the correct answer using the codes given below:

1 only
1 and 3 only
2 and 3 only
1, 2 and 3

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Q. With reference to the Minimum Support Price (MSP), consider the following statements: (M) Select the correct answer using the codes given below:

Q. With reference to the Minimum Support Price (MSP), consider the following statements: (M)

Select the correct answer using the codes given below: