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

  • google app store apple app store
  • ✖

      Question

      The Price Support Scheme (PSS) is triggered under what

      conditions, and who are the implementing agencies?
      A When crop production exceeds MSP levels; implemented by FCI and NAFED Correct Answer Incorrect Answer
      B When market prices fall below MSP for notified oilseeds, pulses, and copra; implemented by NAFED and NCCF Correct Answer Incorrect Answer
      C When farmers default on KCC loans; implemented by NABARD and RBI Correct Answer Incorrect Answer
      D When international commodity prices fall below domestic MSP; implemented by APEDA and NCCF Correct Answer Incorrect Answer
      E When state procurement targets are not met; implemented by State Warehousing Corporations Correct Answer Incorrect Answer

      Solution

      PSS is triggered when market prices of notified oilseeds, pulses, and copra fall below MSP. NAFED and NCCF are the Central Nodal Agencies. State governments submit proposals to the Centre, which approves and reimburses losses incurred during procurement.

      Practice Next
      ask-question