wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

When does the government announce the minimum support price?

A
After the sowing season
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Before the sowing season
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
After the procurement of crops
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
MSP is always the same.
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is B Before the sowing season
Every year, the minimum support price is declared by the government before the sowing season. The MSP acts as an incentive for farmers to grow more crops. The surplus foodgrains are then purchased by the Food Corporation of India and stored in granaries.

flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
3 Types of Problems
ECONOMICS
Watch in App
Join BYJU'S Learning Program
CrossIcon