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SSC CGL 2022 PYQ — Question 40

SSC CGL - 18 April 2022 - Shift 3 • General Awareness • Q40

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As per the press release dated September 2020 of the Government of India, what is the payment made by the Government of India at Minimum Support Price (MSP) rates in the last 6 years?

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Correct answer: B

Explanation

The correct answer is option 2 i.e. ₹7 lakh crore.

  • The payment made at MSP rates in the last 6 years is Rs. 7 lakh crore which is double that made by the previous government.

  • The Cabinet Committee on Economic Affairs (CCEA) chaired by the Prime Minister Shri Narendra Modi has approved the increase in the Minimum Support Prices (MSPs) for all mandated Rabi crops for marketing season 2021-22. 
  • The highest increase in MSP has been announced for lentil (Rs. 300 per quintal) followed by gram and rapeseed & mustard (Rs. 225 per quintal each) and safflower (Rs. 112 per quintal).