Question

    What do you mean by the term “MSP” in Agriculture?

    A Marginal support payment Correct Answer Incorrect Answer
    B Minimum support price Correct Answer Incorrect Answer
    C Minimum sale price Correct Answer Incorrect Answer
    D Maximum support price Correct Answer Incorrect Answer

    Solution

    A safety measure created by the government to protect the farmers against excessive price falls during production years.  

    It is the way of protecting the farmers from the uncertainties of the market as well as of the natural kind in India.

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