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      Question

      The Cabinet Committee on Economic Affairs approved the

      MSP for Raw Jute 2026-27. What principle governs the MSP fixation for raw jute? 
      A At least 2 times the all-India weighted average cost of production Correct Answer Incorrect Answer
      B At least 1.25 times the cost of production Correct Answer Incorrect Answer
      C At least 1.5 times the all-India weighted average cost of production Correct Answer Incorrect Answer
      D Equal to the previous year's market price plus 10% Correct Answer Incorrect Answer
      E Based on international jute market benchmarks Correct Answer Incorrect Answer

      Solution

      The MSP for Raw Jute 2026-27 was fixed in line with the principle of providing at least 1.5 times the all-India weighted average cost of production. The resulting MSP of ₹5,925 per quintal offers a return of 61.8% over the cost of production.

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