Green Revolution, Its Impact, and the Current Reforms to Develop the Agricultural Sector
Which one of ...
Question
Which one of the following is announced by the government in support of a crop?
A
Maximum support price
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B
Minimum support price
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C
Moderate support price
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D
Influential support price
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Solution
The correct option is B Minimum support price The
Minimum Support Price (MSP) was announced by the Government of India for the first
time in 1966-67 for wheat. The MSP is the price at which government purchases crops from the
farmers.