Question

The Minimum Support Price (MS

  • P announced by the government for certain agricultural commodities is primarily intended to serve which of the following purposes?
A Maximising the profit margins of private traders
B Ensuring remunerative prices to farmers and protecting them from price crashes
C Eliminating the role of regulated markets entirely
D Reducing the quantity of foodgrain procured by the government
E Fixing the retail price charged to final consumers
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