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SSC CGL 2019 PYQ — Question 44

SSC CGL - 6th June 2019 - Shift 3 • General Awareness • Q44

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Minimum Support Price (MSP) is recommended by ________.

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Correct answer: C

Explanation

The correct answer is option 3 i.e. The Commission for Agricultural Costs and Prices.

  • Minimum Support Price (MSP) is a form of market intervention by the Government of India to insure agricultural producers against any sharp fall in farm prices.
  • The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP).
  • Government announces minimum support prices (MSPs) for 22 mandated crops and fair and remunerative prices (FRP) for sugarcane.
  • The minimum support prices are guaranteed prices for their produce from the Government.