📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    ⚡ Azaadi sale - Celebrate Independence Day with Flat 55% Off On all courses! 13 to 17 Aug ⚡ Enroll Now

    Question

    Government of India announces Minimum Support Prices

    (MSP) each year in both the Crop seasons after taking into account the recommendations of the Commission for Agricultural Costs and Prices (CACP). For how many crops is the MSP announced every year? 
    A 21 Correct Answer Incorrect Answer
    B 23 Correct Answer Incorrect Answer
    C 22 Correct Answer Incorrect Answer
    D 25 Correct Answer Incorrect Answer
    E 26 Correct Answer Incorrect Answer

    Solution

    The MSP is the rate at which the government purchases crops from farmers, and is based on a calculation of at least one-and-a-half times the cost of production incurred by the farmers.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call