Question
The Cabinet Committee on Economic Affairs has given its
approval for the Minimum Support Prices (MSPs) for copra for 2024 season. Which of the following statements is/are NOT TRUE ? I.The MSP for Fair Average Quality of milling copra has been fixed at Rs.11,160/- per quintal and for ball copra at Rs.12,000/- per quintal for 2024 season. II.The MSP for 2024 season is an increase of Rs.500/- per quintal for milling copra and Rs.450/- per quintal for ball copra over the previous season. III.The MSP in 2014-15 was Rs.4,350 per quintal and Rs.6,500 per quintal for milling copra and ball copra.Solution
The Cabinet Committee on Economic Affairs has given its approval for the Minimum Support Prices (MSPs) for copra for 2024 season. The MSP for Fair Average Quality of milling copra has been fixed at Rs.11,160/- per quintal and for ball copra at Rs.12,000/- per quintal for 2024 season.The MSP for 2024 season is an increase of Rs.300/- per quintal for milling copra and Rs.250/- per quintal for ball copra over the previous season. In the last 10 years, the Government has increased MSP for milling copra and ball copra from Rs.5,250 per quintal and Rs.5,500 per quintal in 2014-15 to Rs.11,160 per quintal and Rs.12,000 per quintal in 2024-25, registering a growth of 113 percent and 118 percent, respectively.
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