Question
Which of the following statements is/are correct?
I. Commission for Agricultural Costs & Prices (CACP) is mandated to recommend minimum support prices. II. CACP submits its recommendations to the government in the form of Price Policy Reports every Six months. III. CACP is an affiliated office of the Ministry of Commerce and Industry. Which of the above statement is/are correct:Solution
Commission on Agricultural Costs and Prices is an affiliated office of the Ministry of Agriculture and Farmers Welfare (CACP). It is mandated to recommend minimum support prices (MSPs) to incentivize the cultivators to adopt modern technology, and raise productivity and overall grain production in line with the emerging demand patterns in the country. CACP submits its recommendations to the government in the form of Price Policy Reports every year, separately for five groups of commodities namely Kharif crops, Rabi crops, Sugarcane, Raw Jute and Copra.
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