The primary purpose of announcing MSP at the beginning of the sowing season is:

A To control inflation Correct Incorrect

B To protect farmers from sharp fall in farm prices Correct Incorrect

C To increase government revenue Correct Incorrect

D To promote export of agricultural commodities Correct Incorrect

E To reduce import dependency Correct Incorrect

Detailed Solution

The primary purpose of announcing MSP at the beginning of the sowing season is to protect farmers from sharp fall in farm prices and against excessive price fall during bumper production years.

Practice Next

More Statistics of Indian Agriculture Questions

Which of the following design is suitable for laboratory experiments and industries?
The term ‘Fair and Remunerative Price (FRP)’ is specifically used for which crop?
Psychrophiles can survive up to which temp?
How many mandated crops are covered under the Minimum Support Price scheme announced by the Government of India?
The absolute increase in MSP for Ragi from 2024-25 to 2025-26 is:
In the A2+FL method of MSP calculation, ‘FL’ stands for:
What is the maximum loan amount eligible for credit guarantee coverage under CGTMSE in AIF?
Dispersion measure which is least affected by extreme values is _____
The cost of production for Moong in 2025-26 is:
MSP helps farmers through all of the following EXCEPT:

Hey! Ask a query

Please enter email id The email must be a valid email address.

Please enter Mobile Number Please enter valid Mobile Number

Please enter your Doubt

Thank You for posting your query. Please check your email for further guidance.

The primary purpose of announcing MSP at the beginning of the sowing season is:

Detailed Solution

More Statistics of Indian Agriculture Questions

Hey! Ask a query

Please Register/Login