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      Question

      The Government of India announces Minimum Support Prices

      (MSPs) based on recommendations from which organization?
      A Central Board of Direct Taxes (CBDT) Correct Answer Incorrect Answer
      B Commission for Agricultural Costs and Prices (CACP) Correct Answer Incorrect Answer
      C Agricultural Marketing Division (AMD) Correct Answer Incorrect Answer
      D National Sample Survey Office (NSSO) Correct Answer Incorrect Answer
      E Indian Council of Agricultural Research (ICAR) Correct Answer Incorrect Answer

      Solution

      The Government of India announces Minimum Support Prices based on recommendations from the Commission for Agricultural Costs and Prices (CACP). This commission evaluates various factors including cost of production, demand-supply conditions, and market trends to recommend appropriate MSP levels.

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