Q36. Consider the following statements regarding Fair and Remunerative Price (FRP) of sugarcane:

1. It approved by Commission for Agricultural Costs and Prices (CACP).

2. It is announced for Jute as well.

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

(a) Only 1

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(b) Only 2

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(d) None of the above

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Solution

The correct option is D
(d) None of the above

Fair and Remunerative Price (FRP): is the existing arrangement for the price to be paid to sugarcane farmers i.e. a minimum price that sugarcane farmers are legally guaranteed by the Sugar Mills and is announced each year by the Centre, under the Sugarcane Control Order.

It is recommended by the Commission for Agricultural Costs and Prices (CACP) and approved by Cabinet Committee on Economic Affairs (CCEA).

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Similar questions

Q. Consider the following

1. MSP is given for 23 agricultural commodities
2. Fair remunerative price is paid for Sugarcane

Which of the above are correct?

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?

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?

83. With reference to Sugarcane Pricing Policy, 'Fair and Remunerative Price (FRP)' is decided on the basis of the recommendations of Commission for Agricultural Costs and Prices (CACP).

Which of the following factors is/are considered for this?

i) Cost of production of sugarcane

ii) Return to the growers from alternative crops and the general trend of prices of agricultural commodities

iii) Availability of sugar to consumers at a fair price

iv. The realization made from sale of by-products viz. molasses, bagasse and press mud or their imputed value

Consider the following statements related to different aspects of Minimum Support Price:-

1. The Minimum Support Price was announced by the government of India for the first time in 1975-76 for cotton.

2. In calculating MSP the number of hours that the bullock actually works on the forms is used for the calculation.

3. The recommendation of commission for Agriculture cost and prices and views are of state government are considered while deciding MSP.

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

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Q36. Consider the following statements regarding Fair and Remunerative Price (FRP) of sugarcane: 1. It approved by Commission for Agricultural Costs and Prices (CACP). 2. It is announced for Jute as well. Which of the above statement(s) is/are correct?

Q36. Consider the following statements regarding Fair and Remunerative Price (FRP) of sugarcane:

1. It approved by Commission for Agricultural Costs and Prices (CACP).

2. It is announced for Jute as well.

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