The minimum guaranteed price at which the government offers to purchase any quantity is known as ______.

Procurement price

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Minimum Support Price

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Issue price

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Market price

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Solution

The correct option is B Minimum Support Price
Minimum Support Price (MSP) is announced by the Government of India at the beginning of the sowing season for certain crops. The MSP is a guarantee price for farmers.

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Similar questions

59. Consider the following statements

1. Regarding the procurement of food-grains, Government of India follows a procurement target rather than an open–ended procurement policy.

2. Government of India announces minimum support prices only for cereals.

3. For distribution under Targeted Public Distribution System (TPDS), wheat and rice are issued by the Government of India at uniform central issue prices to the States/Union Territories.

Which of the statements given above is/are correct?

Q. The minimum assured price offered by the government to the farmers for the purchase of their output is called____________.

Q. Offering goods at a lesser price than the listed price is known as a/an .

Consider the following statements regarding the procurement of food-grains:

1. Government of India follows a procurement target rather than an open-ended procurement policy.

2. Government of India announces minimum support price only for cereals.

3. NAFED is the nodal procurement agency for Oilseeds and pulses, apart from the Cotton Corporation of India.

Which of the statements given above is/are correct?

Q. To maintain the minimum price, the government generally _____________ the surplus stock of the commodity which remains unsold at the minimum support price.

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The minimum guaranteed price at which the government offers to purchase any quantity is known as ______.

The correct option is B Minimum Support PriceMinimum Support Price (MSP) is announced by the Government of India at the beginning of the sowing season for certain crops. The MSP is a guarantee price for farmers.

The correct option is B Minimum Support Price
Minimum Support Price (MSP) is announced by the Government of India at the beginning of the sowing season for certain crops. The MSP is a guarantee price for farmers.