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MSP is the rate at which the government purchases crops from farmers, and is based on a calculation of at least one-and-a-half times the cost of production incurred by the farmers. Union Budget for 2018-19 had announced that MSP would be kept at levels of 1.5 the cost of production. MSP is fixed twice a year on the recommendations of the CACP, which is a statutory body.
The average of 11 observations is 60. If the average of first five observations is 58 and that of last five is 56, the sixth observation is
The average age of a class of 17 girls is 12 years. If 3 new girls having average age of 8 years join the class, then the average age of the class becomes: