Q4. Which of the following statements about minimum support price (MSP) is not correct

a) M.S.P is recommended by CACP i.e commission for agricultural costs and prices

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b) M.S.P is announced for 24 major agricultural commodities

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c) It is announced after the sowing season

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d) The recommendations of CACP is not binding on the government

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Solution

The correct option is C
c) It is announced after the sowing season

Ans. C

M.S.P is announced by the government prior to the sowing season

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Q14. Which of the following statements with respect to Minimum Support Price (MSP) is incorrect?

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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).

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1. MSP is the price at which government purchases crops from the farmers, whatever may be the price for the crops.

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Q. Q8. Consider the following statements about the Commission for Agricultural Costs & Prices (CACP):
1. It is mandated to recommend minimum support prices (MSPs)
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Q4. Which of the following statements about minimum support price (MSP) is not correct

The correct option is C c) It is announced after the sowing season Ans. C M.S.P is announced by the government prior to the sowing season

The correct option is C
c) It is announced after the sowing season

Ans. C

M.S.P is announced by the government prior to the sowing season