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?

a) 1 Only

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b) 2 Only

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c) Both 1& 2

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d) Neither 1 nor 2

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Solution

The correct option is A a) 1 Only
The Commission for Agricultural Costs & Prices (CACP) is an attached office of the Ministry of Agriculture and Farmers Welfare, Government of India) It came into existence in January 1965. Currently, the Commission comprises a Chairman, Member Secretary, one Member (Official) and two Members (Non-Official). It is mandated to recommend minimum support prices (MSPs).

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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?

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?

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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