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Question

When does the government announce the minimum support price?

A
After the sowing season
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B
Before the sowing season
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C
After the procurement of crops
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D
MSP is always the same.
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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.

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