Question
Consider the following statements regarding the Minimum Support Price (MS
- P system in India: I. MSP is the rate at which the government purchases crops from farmers. II. It is based on a calculation of at least one-and-a-half times the cost of production incurred by farmers. III. MSP is fixed thrice a year on the recommendations of the Commission for Agricultural Costs and Prices (CAC
- P . Which of the statements given above is/are not correct?
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