Question
Which of the following is/are the determinants of
MSP? (i) Cost of Production (ii) demand and supply (iii) price trend (iv) intercrop price parity (v) terms of trade between agricultural and non-agricultural sectorsSolution
Cost of Production (CoP) is one of the important factors in the determination of MSP of mandated crops. Besides cost, the Commission considers other important factors such as demand and supply, price trend in the domestic and international markets, intercrop price parity, terms of trade between agricultural and nonagricultural sectors and the likely impact of MSP on consumers, in addition to ensuring rational utilisation of natural resources like land and water. Thus, pricing policy is rooted not in ’cost plus’ approach, though cost is an important determinant of MSP.
For a data set value of median and mean are respectively 8 and 5, then find the value of mode?
Find 999 × 37 quickly.
A merchant bought 300 goods at Rs. 50 each. He sold a part at a 20% profit and the rest at a 10% loss. If his overall profit is 4%, how many goods did h...
The sum of the digits of a two-digit number is 9, and when the digits are reversed, the number decreases by 45. Find the changed number.
25% of a number exceeds 1/6th of the same number by 7. What is the number?
The cost of 2 mouse and 3 keyboard is Rs.150 and that of 3 mouse and 2 keyboard is Rs.120. Find the cost of 5 mouse and 2 keyboard?
The remainder obtained on dividing a number 'N' by 4 is 3, Find the remainder 'N + 9' is divided by '4'.
- The nine-digit number 7x31265y2 is divisible by 88. Find the value of √(xy), given that x < 8 and y < 8.
A two-digit number is 4 times the sum of its digits. If 27 is added to the number, the digits interchange their places. What is the number?
One baker house has to make 600 cakes and another one 750 cakes during the same period of time. In the first house, the order was ready 5 days ahead of ...
