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      Question

      What is the complete term for 'MSP' in the context of

      agriculture?
      A Maximum Sanctioned Prices Correct Answer Incorrect Answer
      B Minimum Support Prices Correct Answer Incorrect Answer
      C Marginalized Systematic Prices Correct Answer Incorrect Answer
      D None of the above Correct Answer Incorrect Answer

      Solution

      MSP stands for Minimum Support Prices. It represents a government-guaranteed price aimed at securing agricultural producers against any sharp fall in farm prices. This system ensures that farmers are not adversely affected during bumper production phases by providing a safety net.

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