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Question
To maintain the minimum price, the government generally _____________ the surplus stock of the commodity which remains unsold at the minimum support price.
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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Solution
The correct option is A purchases
Based on the
recommendations of the Commission for Agricultural Costs and Prices, the Department of
Agriculture and Co-operation, Government of India, declares Minimum
Support Prices (MSP) for 22 crops
before their sowing seasons. The minimum support price (MSP) is an
agricultural product price set by the government of India to purchase directly
from the farmer. This rate is to safeguard the farmer to a minimum profit for
the harvest, if the open market has lesser price than the cost incurred.
Based on the recommendations of the Commission for Agricultural Costs and Prices, the Department of Agriculture and Co-operation, Government of India, declares Minimum Support Prices (MSP) for 22 crops before their sowing seasons. The minimum support price (MSP) is an agricultural product price set by the government of India to purchase directly from the farmer. This rate is to safeguard the farmer to a minimum profit for the harvest, if the open market has lesser price than the cost incurred.
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