Question

The price which is announced by the government before sowing to secure the benefits of farmers is known as  

A MSP Correct Answer Incorrect Answer
B Issue price Correct Answer Incorrect Answer
C Irvy price Correct Answer Incorrect Answer
D Retail price Correct Answer Incorrect Answer

Solution

Minimum Support Price (MSP) is announced by the government before sowing. It is a type of   market intervention by the Gov. to insure agricultural producers against any sharp fall in farm   prices.

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