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

Which one of the following is announced by the government in support of a crop?

A
Maximum support price
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Minimum support price
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
Moderate support price
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
Influential support price
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A Minimum support price
Minimum Support Price (MSP) is the price at which the Government purchases crops from the farmers. (Sometimes the purchase price can be more than the MSP. The MSP basically serves as a floor price to provide guaranteed minimum prices to farmers)

The Commission for Agricultural Costs and Prices (CACP) recommends the MSP for 23 crops (14 Kharif crops, 6 rabi crops as well as sugarcane, jute and copra) before the commencement of the sowing season. The Food Corporation of India (FCI), state agencies and co-operatives procures crops from the farmers to ensure the implementation of the MSP scheme.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Plant Breeding
BIOLOGY
Watch in App
Join BYJU'S Learning Program
CrossIcon