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      Question

      What is the primary objective of the government’s

      policy regarding MSP for Raw Jute?
      A To support the development of rural infrastructure Correct Answer Incorrect Answer
      B To ensure the sustainability of jute mills Correct Answer Incorrect Answer
      C To provide 66.8% return over the cost of production Correct Answer Incorrect Answer
      D To reduce the cost of jute production Correct Answer Incorrect Answer
      E To eliminate the need for MSP in the future Correct Answer Incorrect Answer

      Solution

      The government’s policy aims to ensure that farmers receive a fair price for their produce, ensuring that they earn a 66.8% return over the all India weighted average cost of production. This policy aligns with the Budget 2018-19 directive to set MSP at 1.5 times the cost of production. By providing such returns, the government aims to improve farmers’ incomes and make jute cultivation more sustainable in the long term.

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